Lyon report ‘significant financial developments'
Textor called it a 'significant financial development' for the French side, who are facing massive sanctions, including potential relegation into Ligue 2 if they cannot fix their financial problems.
'This amount includes EUR 21.3 million paid by YMK, of which EUR 11 million is for the purchase of additional shares in OLF, and the remainder for the establishment of working capital between OL SASU and OLF, 'Textor told .
💰 Eagle Football Group annonce une nouvelle entrée d'argent, bénéfique à l'OL : 83 M€https://t.co/CaEfAscZZn pic.twitter.com/TPI7bP4ZES
— RMC Sport (@RMCsport) January 24, 2025
YMK is the investment vehicle of Michele Kang, who owns a 52.91% stake in Olympique Lyonnais Féminin (OLF), Lyon's women's team.
As for the remaining €62.3m, that is coming from the numerous players the club have sold in the January transfer window thus far. Jeffinho (25) went to Botafogo for €5.3m, and Gift Orban (22) joined TSG Hoffenheim for €9m with €3m in bonuses, including €1m guaranteed. Maxence Caqueret (24) is now with Como for €15m plus €1.5m in add-ons, while Botafogo's Luiz Henrique (24) was sold to Zenit St. Petersburg for €33m.
Lyon's debts had previously been reported to be in the ballpark of €508m, while the club was also issued a transfer ban for the winter window.
Thiago Almada (23) is the only new addition to the club so far this year, coming over on loan from Botafogo, despite the transfer ban.
OL are sixth in the Ligue 1 table and have booked a spot in the knockout stage of the UEFA Europa League.
GFFN | Joel Lefevre

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NBC Sports
5 hours ago
- NBC Sports
KATIE LEDECKY HEADLINES NBC SPORTS' CONTINUED COVERAGE OF WORLD AQUATICS CHAMPIONSHIPS ACROSS NBC AND PEACOCK
Live Coverage of Swimming Begins This Saturday, July 26, at 10 p.m. ET Exclusively on Peacock; Highlights on NBC on Aug. 2 at 2 p.m. ET and Aug. 9 at 1 p.m. ET Ledecky Can Add to Her Record-Breaking Individual World Championship Gold Medal Count Olympic Gold Medalists Leon Marchand, Summer McIntosh, Torri Huske, and Kaylee McKeown Also Expected to Compete Spain vs. Hungary in Men's Water Polo Gold Medal Match Tomorrow at 9:35 a.m. ET Exclusively on Peacock Additional Coverage, including Preliminaries, Presented Live on Team USA TV STAMFORD, Conn. – July 23, 2025 – Nine-time Olympic gold medalist Katie Ledecky headlines NBC Sports' continued live coverage of the 2025 World Aquatics Championships from Singapore, with the swimming portion of the event beginning this Saturday, July 26, at 10 p.m. ET exclusively on Peacock. All finals in all disciplines across swimming, diving, water polo, open water swimming, and artistic swimming will continue to be presented live on Peacock. Ledecky, who has a record 16 individual world championship gold medals, can make history once again when she lines up for the 800m freestyle, where she could become the first swimmer to win seven world titles in one event. Ledecky's dominance in the event dates back to the 2012 London Olympics; since then, she's won four consecutive Olympic gold medals and six world titles. Ledecky is expected to face elite competition from three-time Olympic gold medalist Summer McIntosh (Canada). The U.S. is expected to field an elite team that's coming off 28 medals at the Paris Olympics, the most of any country in the Games. Aside from Ledecky, eight-time Olympic medalist Regan Smith, four-time Olympic medalist Gretchen Walsh, and six-time Olympic medalist Torri Huske are all expected to represent Team USA. Along with McIntosh, French star Leon Marchand, coming off a Paris Olympics that saw him win four gold medals in front of his home crowd, leads a strong international contingent expected to compete in Singapore that is also expected to include Australian Olympic gold medalists Kaylee McKeown and Mollie O'Callaghan. Since July 11 and continuing through Aug. 3, Peacock will stream over 100 hours of live coverage featuring many of the top U.S. Olympic medalists from Paris competing against elite international fields in swimming, diving, water polo, artistic swimming, and open water swimming. This will be the first time that Singapore has hosted this event. Team USA TV will present preliminaries and select semi-finals action from the artistic swimming and diving competitions. Team USA TV is a free ad-supported TV channel, launched in partnership by the U.S. Olympic and Paralympic Committee, NBCUniversal, and FAST Studios. Team USA TV brings fans the incredible stories of Team USA athletes and their journey to represent Team USA at the Olympic and Paralympic Games and is available now on Peacock, Roku TV, Amazon Freevee, LG Channels, and Tablo. For more information, click here. NBC Sports' Jason Knapp will call the event alongside three-time Olympic gold medalist Rowdy Gaines and reporter Nicole Auerbach. During his career, Gaines won eight World Championship medals, including five gold medals at the 1978 and 1982 World Championships. NBC Sports' Coverage Schedule, Thursday, July 24 – Saturday, Aug. 9 (all times ET) *Encore presentation --NBC SPORTS--


The Hill
5 hours ago
- The Hill
How zero-knowledge tools can help us verify age and protect privacy online
In June, French President Emmanuel Macron declared that he'll ban social media for children under 15, stating, 'Platforms have the ability to verify age. Let's do it.' We've all seen what that 'verification' actually looks like: 'I'm over 18.' One click, and you're in. This is how the internet currently 'protects' minors. It's laughable, until you realize that this system is failing millions of children and teens every day. In the U.S., Federal Trade Commission Chair Andrew Ferguson also highlighted this profound inadequacy, calling simple date-of-birth entries 'little to no barrier' for underage access. This admission from a top regulator underscores what many have long known: Current systems throughout the world are failing our children. The other extreme can be even worse. Platforms requiring actual age verification often demand personal documents and store them in databases that have become high-value targets for bad actors. In December, Signzy, a major know-your-customer provider, suffered a malware attack exposing customer data, including scans of IDs and selfie biometrics. Similarly, in January, a massive data breach at education technology provider PowerSchool compromised the sensitive information of 60 million students. Such events are clear indicators of systemic vulnerabilities. Exposing personal identifiable data could lead bad actors right to the doorstep of children, youth and family members, the exact opposite of what age verification requirements are supposed to accomplish. Today's age verification tools were not designed for the digital age. Applying financial-focused risk management procedures (like 'know-your-customer') to social platforms or gaming sites is invasive and dangerous. When sensitive documents are uploaded and stored on third-party servers, data breaches aren't a matter of if, only when. For kids and families, this is unacceptable. For developers and platforms, it creates massive legal and regulatory challenges. For society, we're missing an opportunity to implement real protection that respects privacy. We're caught in a false choice: either no protection at all or too much vulnerable surveillance. But we no longer have to choose between these two failures. Zero-knowledge identity protocols remove this mutual exclusivity with enhanced security, privacy and user experience. Zero-knowledge cryptographic technology allows someone to prove something is true without revealing the underlying information. Think of it as showing you're old enough to enter a venue without showing your ID or revealing your name. The mathematical proof confirms that you meet the requirement. This approach enables users to cryptographically prove their age without exposing other sensitive information. For instance, they can confirm they are over 18 without revealing their exact birthdate or other identifiable features beyond what's necessary. The process generally involves a few key stages. Initially, a user interacts with their government-issued ID through a secure application, often on a smartphone. This interaction permits the extraction of necessary data directly from the document's secure elements. Next, a cryptographic proof is generated. This proof is a mathematical assertion that the user meets a specific age criterion (e.g., over 18). Crucially, this proof contains no personally identifiable information itself; it only confirms the truth of the age claim. This privacy-preserving proof can then be shared with an online service or platform. The platform verifies the proof's authenticity and validity using cryptographic techniques, confirming the user's age qualification without ever accessing or storing the underlying personal data from the ID. The platform learns only if the user is old enough. Major tech companies are already recognizing the potential. Google announced that it's integrating zero-knowledge proof technology into Google Wallet for age verification, with partners like Bumble already on board. Developers can integrate zero-knowledge age verification into their applications through open-source libraries and verification contracts. These systems check the cryptographic proof and confirm whether a user meets the defined minimum age threshold, all without storing or even seeing the user's full identity. The programmability of these systems is crucial for global deployment. Zero-knowledge protocols can automatically adjust to local regulations (e.g., age 16, 18 or 21) while maintaining the same privacy guarantees. Consider how this technology transforms real-world platforms. Gaming sites verify users meet age requirements without collecting ID copies. Dating apps confirm users' real ages without accessing other personal information. Content platforms gate mature content based on cryptographic proof rather than self-reported information or vulnerable document storage. This is privacy-first protection, enforceable by code and leveraging proven cryptographic technologies. Users maintain full control over their information, choosing what to disclose in each online interaction. We shouldn't accept that verifying a child's age online requires sacrificing privacy, or that doing nothing is acceptable either. The regulatory landscape is already shifting. New York's SAFE for Kids Act began requiring platforms to use age determination technology and restrict 'addictive' feeds to minors without parental consent. Other legislation, like the federal Take It Down Act and state-level App Store accountability acts, also signals a move towards stricter online safety, though some raise privacy concerns about mass data collection. Current age verification methods are also proving unreliable. The United Kingdom's Office of Communications recently fined OnlyFans operator Fenix International approximately $1.4 million for providing inaccurate information about its age verification, highlighting how even 'advanced' biometric systems can fail. As legislation aimed at protecting minors online continues to evolve, the technology industry should lead by example. We can protect vulnerable users without exposing their most sensitive information to bad actors. We can continue with systems that either don't work or create massive privacy risks, or we can embrace cryptographic solutions that protect both children and privacy. Platforms now have access to privacy-preserving tools that respect both user autonomy and legal responsibility. There's no excuse not to build better. Parents deserve peace of mind, kids deserve safety and we all deserve a more thoughtful internet. With increasing regulatory scrutiny and growing public demand for better protections, the impetus to shift away from ineffective checkboxes and invasive data collection toward genuinely workable solutions is clear: It is time to move on from the checkbox era. Rene Reinsberg is an entrepreneur who has co-founded multiple ventures including Celo, Self and Locu (acquired by GoDaddy). Jane Khodarkovsky is a former trial attorney and human trafficking finance specialist in the Money Laundering and Asset Recovery Section, Criminal Division, in the U.S. Department of Justice. She is currently a partner at Arktouros.
Yahoo
5 hours ago
- Yahoo
Newcastle closing in on record transfer for Hugo Ekitike: Report
Newcastle United are nearing an agreement to sign Eintracht Frankfurt striker Hugo Ekitike in what could be the most expensive transfer in the club's history. According to multiple outlets, including The Athletic and ESPN, Newcastle are finalising a deal worth €75-80 million (£67.8m), with Ekitike's agent Ali Barat in the city to settle the final details. ESPN also reported that personal terms on a five-year contract have been agreed, and the French striker is already preparing for a medical. If completed, the transfer would surpass the €70 million fee paid for Alexander Isak in 2022. Paris Saint-Germain, Ekitike's former club, are due 20 percent of any fee. Newcastle had twice failed to sign Ekitike in the past. As The Athletic noted, 'Newcastle have twice tried and failed to sign Ekitike before, in the January and summer windows of 2022.' Ekitike eventually joined PSG, then moved to Frankfurt permanently for €17.5 million last summer. Ekitike enjoyed a breakout 2024–25 campaign in Germany, scoring 22 goals and providing 12 assists in 48 appearances. He helped Frankfurt to a third-place Bundesliga finish and a Europa League semi-final, while also finishing level with former teammate Omar Marmoush in the league's goal charts. If signed, Ekitike is expected to partner Alexander Isak rather than replace him. Sources told ESPN that Ekitike's signing 'doesn't mean Isak will leave the club.' More from Craig Hope Tells Us Rafa Staying Is More Than Hope Rafa is Staying. Our club is healing. Newcastle United leaked jersey is not terrible Instant return to the Premier League may not be the best target This was a Fun and Cool Thing that Newcastle United did Newcastle United's favorite missing man has no intention of staying Newcastle United players begin to state their intentions