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John Textor lawsuit against Olympique Lyonnais
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2026-07-31 06:55 UTC → 2026-07-31 14:36 UTC ·
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In late July 2026, American businessman John Textor intensified his legal battle with 2026 the dispute between former Olympique Lyonnais president John Textor and its South‑Korean owner Michele Kang. the club’s new owners escalated across two jurisdictions. On 21 July, July Textor filed a U.S. federal lawsuit suit in Florida seeking more than $400 million, accusing Kang and associated investors Michele Kang’s consortium of conspiring to strip him of control of the club, corrupting control, misusing corporate assets and falsifying accounts. Ten days A week later, on 31 July, Textor opened a parallel case in action before the Lyon commercial court, this time Tribunal of Economic Activities, demanding over €20 million. The French filing echoed the earlier accusations, alleging fraud claim breaks down into €2.5 million for alleged unpaid management fees and abuse of corporate assets by €18.4 million (interest‑adjusted) for a short‑term loan advance. A hearing is set for September 2026. Textor, who led the new owners. club from 2023‑2025, alleges that Kang’s group, operating through EFG, deliberately seized control after the transition from former owner Jean‑Michel Aulas. Olympique Lyonnais rejected dismissed the claim filing as a “judicial guerrilla,” announced plans to respond legally, and lodged its own complaint alleging abuse of corporate assets during Textor’s tenure, and filed a criminal complaint covering alleged misconduct from 2023‑2025. The two filings illustrate an escalating, multi‑jurisdictional dispute over the club’s ownership and the broader multi‑club investment model tied to Textor’s former holdings. Both parties have signaled signalled readiness for a protracted protracted, multi‑jurisdictional legal confrontation battle that could affect governance and financial arrangements across the clubs linked to Textor’s Textor‑linked multi‑club investment vehicles.
Versions
- 2026-07-31 14:36 UTC John Textor lawsuit against Olympique Lyonnais
- 2026-07-31 06:55 UTC John Textor lawsuit against Olympique Lyonnais
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