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Lyon Sale Moves Closer as Ares Capital and Michele Kang Lead Race

The sale of Olympique Lyonnais is progressing, with Ares and Michele Kang emerging as leading candidates to take control.

14 April 2026• By KickNStats
Lyon Sale Moves Closer as Ares Capital and Michele Kang Lead Race
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Sale process advancing

The potential sale of Olympique Lyonnais, through Eagle Football Group, is progressing as financial pressure continues to impact the club’s ownership structure.

The situation has accelerated discussions around a change of control, with key stakeholders now actively evaluating solutions.

Ares and Kang leading candidates

Investment fund Ares Management and current club president Michele Kang have emerged as the main figures in the race to take control.

Both are already closely linked to the club’s structure, positioning them as natural candidates in the event of a takeover.

Financial context driving change

Eagle Football Group, which owns Lyon, has been under financial strain, largely due to significant debt linked to previous investments.

Ares, as the group’s main creditor, plays a central role in any potential restructuring or ownership transition.

Kang’s growing influence

Michele Kang, who already serves as president of Olympique Lyonnais and CEO of Eagle Football Group, has strengthened her position within the club’s governance structure.

Her leadership role and existing involvement make her a strong contender to take a more prominent ownership position.

Uncertain ownership future

The outcome of the process remains unclear, with multiple scenarios still possible depending on negotiations between stakeholders.

Any deal would likely reshape the club’s ownership model and influence its long-term strategy.

What comes next

Discussions are expected to continue in the coming weeks as the situation evolves.

The future ownership of Lyon will depend on financial agreements and the direction chosen by key decision-makers within Eagle Football Group.

Source: L'Équipe

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