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Ares Weighs Joining Bid for French Football Team Lyon

Fans of Olympique Lyonnais cheer during a match in Turin, Italy.
Fans of Olympique Lyonnais cheer during a match in Turin, Italy.Photographer: Maja Hitij/Getty Images
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Ares Management Corp. is considering financing US entrepreneur John Textor’s proposed offer for Olympique Lyonnais, the French Ligue 1 football team, people with knowledge of the matter said. 

The alternative asset manager is in talks about potentially backing Textor’s bid for the French club’s owner OL Groupe SA, according to the people, who asked not to be identified because the information is private. Textor has been seeking additional capital after US investor Bill Foley indicated he may significantly scale back his funding commitment to the deal, the people said.