John Textor's Eagle Football, backed by high-net-worth individuals and Ares Management (NYSE:ARES) Corp, announced plans for a $200 million equity raise and a potential listing on the New York Stock Exchange (NYSE) on Thursday. The firm owns several clubs including Crystal Palace FC, Botafogo, and RWD Molenbeek.
The recent acquisition of Olympique Lyonnais has led to strategic changes for the sports management company. As part of the acquisition deal, Olympique Lyonnais' women's team was moved into a Washington Spirit controlled company, with Eagle Football retaining a 48% stake.
The firm's strategy extends beyond football. Proceeds from the sale of Lyon's basketball arena are earmarked for investment in music events and football academies in Brazil, Dakar, and Florida. This move is part of Eagle Football's broader strategy to leverage the financial sustainability of the multiclub model.
Eagle Football's model of owning multiple clubs is aimed at diversifying its revenue streams and creating synergies among its various properties. The planned equity raise and potential NYSE listing represent significant milestones in the company's growth trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.