Ares Management Is Owed $547 Million After Eagle Football Group Collapse
Updated
Updated · Bloomberg · Jun 3
Ares Management Is Owed $547 Million After Eagle Football Group Collapse
2 articles · Updated · Bloomberg · Jun 3
Summary
$547 million was owed to Ares Management after John Textor’s Eagle Football Group collapsed, according to an administrators’ filing released Wednesday.
Recovery on those loans now hinges on asset sales, making the value and timing of disposals central to what Ares ultimately gets back.
Key assets include Eagle Football’s ownership of French club Olympique Lyonnais and its stake in Brazilian club SAF Botafogo.
The filing underscores how the group’s collapse has shifted attention from Textor’s football empire to creditor recoveries tied to club-sale proceeds.