US EditionLigue 1: Olympique Lyonnais Sentenced to Pay 20.8 Million Euros to the Brazilian Club in Botafogo for Unpaid Debts
8 Articles
8 Articles
Brazilian justice ordered Olympique Lyonnais to pay 20.8 million euros for unpaid debts to the Botafogo club of the American businessman John Textor, former owner of OL, according to a leader of the Rio club and judicial documents consulted on Wednesday by our colleagues of the AFP.
The Brazilian court ordered OL to pay over 20 million euros to Botafogo, due to unpaid debts of the former club owner, John Textor.
SAF also requested the temporary suspension of the majority shareholder's voting right, which is Eagle Holdings Bidco
On 4 April Botafogo confirmed that it had filed a complaint against Lyon with a view to the recovery of outstanding debts amounting to more than 125 million euros. According to a Botafogo leader who requested anonymity, a judge handed down a first decision in favour of the Brazilian club covering 122 million reais (20.8 million euros). [...] The article OL condemned in Brazil to pay 20.8 million to Botafogo for unpaid debts appeared first on Lyo…
In the large dispute between Botafogo and OL, the court in Rio de Janeiro gave a ruling in favour of the Brazilian club. OL is ordered to pay 21 million euros, but has not been notified of this decision in a unilateral and non-adversarial trial. We will not lie, the supporters of [...] The article OL forced to pay 21 million euros to Botafogo ? appeared first on Olympic & Lyonnais.
Justice of Rio de Janeiro ordered Lyon to pay SAF of Botafogo in three days, according to decision obtained by ESPN
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