The Brazilian justice has ordered Olympique Lyonnais to pay 20.8 million for unpaid debts to the Botafogo club owned by American businessman John Textor, former owner of OL, according to a club official in Rio and judicial documents consulted by AFP on Wednesday.
According to an anonymous Botafogo official, a judge ruled in favor of the Brazilian club for 122 million reais (20.8 million).
OL has three days to appeal
Lyon “can request” to make an initial payment of 30% of the amount and pay the rest in “six monthly installments,” according to a judicial document. The French club has three days to appeal from the notification of the decision sent by the Brazilian justice on Tuesday.
According to Botafogo, the amounts claimed correspond to loans granted to Lyon when both clubs were under the control of John Textor.
Meanwhile, Botafogo, facing financial difficulties, stated on Wednesday that they have requested the opening of a judicial reorganization procedure for their financial restructuring, including the “temporary suspension of voting rights” of Eagle as the “majority shareholder,” accusing them of “hindering the entry of new capital into the club.”
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