Market Chatter: Ares Management Looking to Recoup $250 Million in Outstanding Loans From Eagle Football

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Ares Management (ARES) is looking to get back around $250 million in outstanding loans from Eagle Football, putting it at odds with the football holding firm's majority stockholder John Textor, Bloomberg reported Friday, citing sources familiar with the matter.

Ares is losing its patience and wants to either sell or take control of Eagle-owned French football club Olympique Lyonnais, the sources reportedly said.

The investment manager has recovered over $200 million of its initial loan to Eagle but has recently marked down the debt value to around 32 cents on the dollar, according to filings cited by Bloomberg.

Textor disputed the allegations of contract breaches, Bloomberg cited a spokesperson of the investor as saying.

Ares and Eagle Football did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670627923.USD","symbol_name":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2611150757","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2611150757","pubTimestamp":1770991064,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}