US EditionJohn Textor Loses Key UK Ruling in $93 Million Clash With Iconic
13 Articles
13 Articles
The American businessman, who is no longer head of Olympique Lyonnais, promises to continue the proceedings before the courts.
The British Commercial Court rejected John Textor's request that he not have to pay more than $90 million to the U.S. Iconic Fund. He will appeal.
John Textor suffered a setback in the UK on Friday as part of a procedure related to the takeover of Olympique Lyonnais. The US investment fund Iconic is trying to force him to pay more than $90 million.
These are dark times for American businessman John Textor. The owner of RWDM Brussels and Olympique Lyon, among others, has suffered a major setback. A British court ordered him to pay more than $90 million to the American investment fund Iconic, following a dispute over the acquisition of Lyon. Textor has already indicated he will appeal.
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