[ad_1]
Gérard López may leave Lille for debts of between 120 and 200 million euros.
If everything is going well for Lille on the pitch – it is the leader of the French league – economically the situation is more complicated. Gérard López, president of the French club and majority shareholder of SAD do Boavista, is in a difficult situation and contemplates a possible withdrawal for debts of between 130 and 200 million euros with American investors linked to the French club. The French newspapers L ‘Equipa and La Voix du Nord guarantee that López has already agreed to sell the stake in Lille.
Elliot Management Corporation, one of the largest investment managers in the United States and the largest financier of the purchase of French clubs, in 2017, is concerned about the failure of financial assumptions, having scheduled an emergency meeting with the director. At stake are the difficulties to reduce the debt with the American multinational, due to the impact that covid-19 is having on the global economy, causing a drop in the sale of assets.
To understand the magnitude of the problem, in a team that finished fourth in Ligue 1 in 2019/20, only forward Oshimen was transferred to Napoli for 70 million euros, and central defender Gabriel, to Arsenal. , for 26 million. These transfers generated income below expectations for Gérard López and the French debt did not suffer the reduction expected by the investor, who requested an initial loan of between 130 and 140 million to buy the club.
To avoid a possible problem, Elliot Management is already trying to find a possible buyer to replace Gérard López and the choice may fall on Olivier Létang, former leader of Reims, PSG and Rennes.
Boavista, who currently benefits from the fact that SAD’s majority shareholder has ties to the French club, should not be hurt if Lille changes its president, as they are different projects. However, from a sporting point of view it may be more difficult for you to get loans from players with the quality of Angel Gomes and Show, both loaned by the French emblem.
[ad_2]
