Michele Kang Steers Lyon Amidst Financial Turmoil

Michele Kang has ascended to the presidency of Lyon, a prestigious French soccer club recently marred by financial woes, succeeding John Textor. Her leadership comes as Lyon grapples with relegation following a damning audit by the DNCG, France's financial watchdog for soccer. Textor's exit, driven by fan pressure and financial abuses, marks a significant shift in the club's hierarchy.

Kang, already the majority owner of Lyon's women's team and recognized for her transformative approaches across sports domains, is tasked with spearheading the club's recovery plan. Supported by Michael Gerlinger, a seasoned expert in European football governance, Kang's mission includes contesting Lyon's relegation and restoring its financial health through innovative strategies.

Under her ownership, Lyon aims to regain footing in the industry while maintaining competitive spirit in upcoming tournaments. Franco-American Kang is not only making her mark in French soccer but also contributing significantly to the advancement of women's sports globally, exemplified by her commitment through Kynisca Sports.

(With inputs from agencies.)