Kang pushes women’s football expansion as Eagle Football Group deal backs her until 2027

By Editor

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Michele Kang is pitching her multi-club women’s football model as an investable growth play while a separate agreement with lenders and shareholders is designed to lock in her leadership at Eagle Football Group until June 2027.

London City Lionesses and Washington Spirit owner Michele Kang has said she wants to “raise the bar” across women’s football as she expands a multi-club platform spanning the US and Europe.She has built a portfolio that includes the Spirit in the NWSL, London City Lionesses in England and OL Lyonnes in France, positioning the clubs around shared infrastructure, commercial development and player pathways.Kang said: “I really fell in love with the game and the potential. I saw the potential where it was and where it could be. One of the problems with women’s football is that there are a lot of anecdotal little projects here and there, but nothing is done at scale. "And unless you can do these types of things at scale, it’s just a thousand flowers bloom and they all die and nothing happens. So I wanted to make sure that this is done properly at scale once. There’s no reason why multiple organizations need to do this. We can combine.”Kang’s comments come as Eagle Football Group, the Olympique Lyonnais parent company, sought to clarify the terms of an agreement involving lender Ares and Eagle Football Holdings Bidco that is intended to stabilise governance after public disputes with John Textor.Eagle Football Group said the letter agreement, signed in July 2025, was designed to provide operating stability during a period of financial stress that included a relegation threat for Lyon from France’s financial watchdog.Under the arrangement, the parties committed not to start any sale process involving Eagle Football Group or its subsidiaries before June 30, 2026, the company said.The agreement also includes a commitment not to take action aimed at removing Kang as chief executive before June 30, 2027, Eagle Football Group said.The company linked the stabilisation plan to new funding, citing €87m of financing and a €30m bank guarantee, as it sought to reassure stakeholders on liquidity and continuity.Textor has criticised what he describes as an undisclosed side agreement that he says altered governance and control, and has called for it to be terminated.Kang’s dual profile as a women’s football investor and a senior executive within a broader multi-club structure underlines how capital, governance and lender protections are increasingly shaping football ownership models alongside sporting strategy.
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