Textor fires each barrels at PSG’s ‘unlawful’ state finance mannequin, saying guidelines are usually not being utilized evenly

Textor fires each barrels at PSG’s ‘unlawful’ state finance mannequin, saying guidelines are usually not being utilized evenly

February 24 – Lyon co-owner John Textor has publicly criticised PSG’s possession construction, labeling it as ‘unlawful’.

Textor, in an interview with Spanish sports activities outlet Diario AS, stated: “PSG’s financing mannequin is illegitimate, whereas our mannequin is completely authorized, but we’re those being penalised. They’re permitted to proceed violating European legislation.

“Qatar Sports activities Investments, backed by the state, injects lots of of thousands and thousands of {dollars} yearly, enabling them to outcompete everybody.”

In November, Lyon had been provisionally relegated to Ligue 2 by the DNCG, the physique overseeing French membership funds. The membership had been additionally slapped with a switch ban.

Textor expressed his disapproval of the DNCG’s determination, saying that the membership plans to enchantment the ‘unfounded’ ruling.

Textor, who serves because the chairman of Eagle Soccer Holdings, acquired a majority stake in Lyon in 2022. Since Qatar Sports activities Investments (QSI) purchased a 70% stake in PSG in 2011, the membership has secured 10 Ligue 1 titles and change into the dominant power within the French recreation, each on and off the pitch.

“They lead the league, their revenues have skyrocketed, they usually dominate the competitors. This has distorted the aggressive panorama. I didn’t introduce these legal guidelines to Europe; they had been already in place. If the DNCG expects me to stick to French or European processes, I anticipate them to implement those self same legal guidelines constantly and never permit one membership to flout the principles whereas others comply,” stated Textor.

On Sunday, Lyon had been defeated by the Parisians 3-2 in Ligue 1. Textor donned a cowboy hat after PSG boss Nasser Al Khelaifi had referred to as the American a cowboy.

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