Eagle Football Group Considers Job Cuts at Lyon

Olympique Lyonnais' owner, Eagle Football Group (EFG), is initiating discussions with employee representatives regarding potential job cuts due to significant financial challenges, including a transfer deficit and reduced domestic media rights revenues. The club's parent company, Eagle Football Holdings, plans to inject approximately 40 million euros in working capital soon, following recent capital contributions from selling its stake in Crystal Palace and commencing an IPO process on the New York Stock Exchange. During the summer transfer window, Lyon managed only 39 million euros in player sales while spending around 145 million euros on player acquisitions and loans, the highest in France. The club is under pressure to raise 75 million euros to meet financial targets and has reportedly placed most of its squad on the transfer market. These financial struggles reflect broader issues in European football, highlighting the volatility and need for sustainable financial strategies. The outcome of EFG's financial measures may influence investor confidence and set a precedent for other clubs facing similar challenges.