Monday briefing: Lyon owner John Textor blasts PSG’s model as ‘illegal'
Monday briefing: Lyon owner John Textor blasts PSG’s model as ‘illegal'
IMAGO
Man Utd CEO warns club staff over leaks
UK Sports Minister apologises to Premier League clubs
24 February 2025 - 5:30 AM
Lyon and Crystal Palace part-owner John Textor has blasted French champions PSG’s ownership model as ‘illegal’ during an interview with Spanish sports publication Diario AS.
In November, Lyon were given a provisional relegation to Ligue 2 by the DNCG, the organisation that oversees French clubs’ accounts, and received a transfer ban.
During the interview with AS, Textor criticised the DNCG’s decision stating that the club will launch an appeal against the ‘unfounded’ ruling.
The US businessman is the Chairman of Eagle Football Holdings, which acquired a majority stake in Lyon in 2022 for a reported fee of more than €800 million. Since Qatar Sports Investments (QSI) initially acquired a 70 per cent stake in PSG back in 2011, Les Parisian’s have won ten Ligue 1 titles.
Distorted competition
Textor told Diario AS: “PSG’s financing model is illegal, our model is perfectly legal and we are the sanctioned model. They are allowed to continue to violate European law.
“..Qatar Sports Investments, the state, a foreign state, finances 100, 200, 300 million dollars every year, and that leads to them being able to beat any competition.
“They are at the top of the league, their revenues have increased eightfold and they dominate the league. They have distorted competition, so I did not bring these laws to Europe, these laws were already in force in Europe, and if the DNCG wants to tell me that I have to respect French or European processes, I would ask the DNCG to respect those same European laws and processes and not allow one club to break the law when all other clubs have to follow the law.”
Man Utd CEO warns club staff over leaks
Manchester United staff have been informed that they could potentially lose their jobs, if they are found to be leaking confidential club information, according to British media.
In an email shared with The Telegraph, United chief executive Omar Berrada said that the Premier league club are conducting an investigation into these leaks.
Berrada’s email stated that any potential leaks will be considered by the club as ‘gross misconduct’.
"Anyone disclosing information outside of the club is breaching their obligations of confidentiality, and we are very clear that this will be considered gross misconduct," Berrada said.
"To protect the club and its colleagues, additional measures are being put in place to prevent future breaches of confidentiality and also identify any persons responsible."
Uncertainty at Old Trafford
Club staff are reportedly concerned over their job security, with United co-owner Sir Jim Ratcliffe set to make a further 200 redundancies, after the Red Devils reported a £113.4 million loss for the 2023/24 season.
This marks the second wave of redundancies at the Old Trafford club since Ratcliffe’s arrival, after the club announced 250 members of staff redundant in August. Earlier this week, United’s most recent financial statements revealed a loss of £27.7 million for the second fiscal quarter of 2025.
UK Sports Minister apologises to Premier League clubs
UK Sports Minister Stephanie Peacock has apologised to Premier League clubs Arsenal, West Ham United, and Brighton, after her recent comments that they were “promoting untruths” regarding English football’s new independent regulator.
In January, West Ham United vice chairwoman Baroness Karren Brady, Brighton chief executive Paul Barber, and Arsenal vice-chairman Tim Lewis gave a joint interview with The Times, during which they raised concerns that the new regulator could damage the Premier League.
Peacock wrote an Op-Ed earlier this month for Mail Online, during which she criticised the three teams' 'tenuous claims' that the regulator would hinder aspects such as clubs’ academies and long-term success.
However, the Sports Minister has now apologised for her comments, after legal letters were sent following her column.
Plans for a new regulator
Last year, the UK Government confirmed plans for an independent regulator, which would oversee the top five tiers of English football, as part of a plan to protect clubs, and provide tighter scrutiny on club ownership.
The Football Governance Bill, which would see the introduction of the new entity, did not pass into legislation under the previous Conservative Government, but was picked up by the new Labour Government, following the UK General Election last July.