Kang moves to take control of Olympique Lyonnais owner EFG for $30 million (opens original article in a new tab)

Michele Kang offers $30 million for 88% stake in EFG, owner of French soccer club Olympique Lyonnais, as the group struggles with €616.3 million in debt. The club was initially relegated to Ligue 2 in 2025 but the decision was overturned.

• Michele Kang offers $30 million for 88% stake in EFG, owner of Olympique Lyonnais
• EFG faces €616.3 million in debt as of December 31
• Olympique Lyonnais was initially relegated to Ligue 2 in June 2025 but had the decision overturned