Michele Kang Named President, CEO of Olympique Lyonnais Amid Financial Relegation

Michele Kang has been appointed as the new president and CEO of Olympique Lyonnais and Eagle Football Group, replacing John Textor amid the club's relegation to Ligue 2 due to financial issues. Kang, who already owns the club's women's team OL Lyonnes and has been on OL's board since 2023, will actively lead the club's appeal against the French financial regulator DNCG's decision. Michael Gerlinger, Eagle Football Group's chief sports officer, has been named Director General of Olympique Lyonnais to support the club's management. The leadership changes come at a critical time as the club faces financial challenges but aims to stabilize and recover under Kang's guidance. John Textor expressed full confidence in Kang's ability to strengthen the club during this transition. Kang emphasized the urgency of the moment and her commitment to working closely with the management team to navigate the club through the current difficulties.