Contents (18 sections)SummaryOlympique Lyonnais / Eagle Football Group sale to Michele KangReprofiling of OL’s secured debtGovernance and corporate changesAres Capital Corporation’s position after the OL saleThe verified scale of Ares’s claimIs Ares an “exiting” or “remaining” creditorRemaining assets available to AresImplications for Botafogo and intercompany receivablesBotafogo intercompany claim against OLCurrent status of the Botafogo sale … Continue reading The Analysis Series: Analysis of the 23 June 2026 Eagle Football Group Press Release – sale of Olympique Lyonnais, impact on Ares & Botafogo