Key facts
- Ares Management is close to agreeing a deal to take control of Olympique Lyonnais.
- Businesswoman Michele Kang is partnering with Ares Management on the deal.
- Olympique Lyonnais is described as financially troubled.
Ares Management is reportedly nearing an agreement to acquire control of the financially troubled French football club Olympique Lyonnais. The investment firm is partnering with businesswoman Michele Kang on this potential deal.