League: Champions League Sport: Soccer Country: Global Category: Scores & Results

Michele Kang becomes majority shareholder of French club Lyon

Yahoo Sports • 1 min read • Latest: Jun 26, 2026, 6:22 PM

Last updated Jun 26, 2026

Michele Kang becomes majority shareholder of French club Lyon

Summary

Michele Kang has acquired 87.78% of French club Lyon for $30 million, becoming the majority shareholder. Previously a minority owner and club president, Kang's takeover followed a period of administrative challenges for Lyon, which had previously been owned by Eagle Football Group. This acquisition includes a commitment to shareholder loans and the write-off of significant intercompany debt. Kang aims to stabilize Lyon's finances as they strive to maintain their position in Ligue 1 after a difficult season.

Source Links

Yahoo Sports

By the Numbers

•Kang acquired the stake from Eagle Football Group, which faced administration.
•The deal includes the write-off of over 230 million euros in debt.
•Kang has been president of Lyon since June 2025.
•Lyon needs to improve their budget stability following a relegation threat.
•The club reached the Champions League qualifying rounds last season.

Latest Updates

6:22 PMYahoo Sports — American businesswoman Michele Kang buys French club Lyon

What they're saying

"
American businesswoman Michele Kang has become the majority shareholder of French club Lyon, the Ligue 1 outfit's previous owners Eagle Football Group (EFG) announced on Friday.Textor had taken over as Lyon's majority owner in December 2022 from long-standing boss Jean-Michel Aulas, who had overseen unprecedented success, including seven straight Ligue 1 titles from 2002 to 2008.
— Yahoo Sports

Related Teams & Leagues

Champions League Soccer