Lyon have denied reports that American businesswoman Michele Kang is set to acquire a majority stake in the women’s team.
A report from French newspaper L’Equipe suggested that Kang – the owner and CEO of health information technology company Cognosante – pledged to cover Lyon Women’s annual deficit of €12million (£10.56m) and purchase 52 per cent of shares in the club.
It was reported that Kang, who is majority owner of NWSL side Washington Spirit, had reached an agreement several weeks ago with Lyon owner John Textor via his company Eagle Football.
But in a statement on Wednesday evening, Lyon denied the report, saying no agreement has been made with any parties over a proposed takeover.
It read: “Olympique Lyonnais would like to deny the inaccurate information published by the newspaper L’Équipe on a possible transfer of its women’s team which was announced last Monday to the players by Vincent Ponsot (deputy director general at OL Group).
“The situation described in this article in a passage deleted from the version published at 5:52pm, unverified, is factually and formally impossible since our players were in the national team and Vincent Ponsot travelling abroad in recent days.
“Moreover, if a desire to create a global platform dedicated…
 and purchase 52 per cent of shares in the club. It was reported that Kang, who is majority owner of NWSL side Washington Spirit, had reached an agreement several weeks ago with Lyon owner John Textor via his company Eagle Football. But in a statement on...){kind=link}