Ares Locked in $250 Million Fight Over Flagship Football Deal
The Ares Management offices in Los Angeles.
Photographer: Lauren Justice/BloombergAres Management Corp. is engaged in an increasingly bitter dispute with John Textor, the majority shareholder of Eagle Football Holdings LLC, over the unwinding of one of its biggest sports investments.
Los Angeles-based Ares is seeking to retrieve about $250 million in outstanding loans to Eagle, people familiar with the matter said. The firm wants to get its money back either by selling or taking control of Eagle-owned French football club Olympique Lyonnais, the people said.