New Lyon owner claims to match PSG’s financial muscle 


New Lyon American investor John Textor has claimed that his club can go toe-to-toe with Paris Saint-Germain as he says he intends to splash the cash to compete in the French Ligue 1.

The French club have not won the Ligue 1 title since 2008, while their rivals PSG have established themselves as the dominant club in the French top flight.

But, despite finishing seven places and 27 points behind the Parisians, Lyon’s new owner believes that his team will soon be able to take down their free-spending rivals.

“I don’t like these models like PSG,” Textor said at a news conference via GOAL. “Great team, whatever, great athletes, we all love to watch them.

“I think over the few years we want to go after them. We want to win titles here. We are going to show up and we are going to spend.”

He added: “We can have as much capital at play in our football club as the Emir of Qatar.”

The American is a businessman and former the Executive Chairman of fubo TV.

He has promised huge spending as part of his purchase, which saw him promise a bring in €86 million ($90 million) worth of cahs as part of a deal that valued the club at around €800 million ($840 million).

His purchase also included Lyon’s stadium, and the club’s dominant women’s team, which has been crowned European champions in six of the last seven seasons.

With the purchase, Lyon joined Textor’s portfolio that also includes Premier League side Crystal Palace, Belgium side Molenbeek and Brazilian club Botafogo.