Story perspectives

Eagle Football Holdings Enters Administration Amid $400M Debt

3/28/2026

Summary

Story summary

Eagle Football Holdings Bidco Ltd, a major investment of Ares Management Corp., has entered administration after Ares extended over $400 million in loans.
Cork Gully has been appointed as the administrator.
The operations of Eagle's subsidiaries, including Olympique Lyonnais, remain unaffected.
John Textor, Eagle's majority shareholder, criticized the administration decision as jeopardizing a viable multi-club business.
Ares Management Corp. has recouped over $200 million from previous sales.

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Story summary

Eagle Football Holdings Bidco Ltd, a major investment of Ares Management Corp., has entered administration after Ares extended over $400 million in loans.
Cork Gully has been appointed as the administrator.
The operations of Eagle's subsidiaries, including Olympique Lyonnais, remain unaffected.
John Textor, Eagle's majority shareholder, criticized the administration decision as jeopardizing a viable multi-club business.
Ares Management Corp. has recouped over $200 million from previous sales.