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38-823: The OL Arena (known as the LDLC Arena for sponsorship reasons) is a multi-purpose indoor arena located in Décines-Charpieu in the Metropolis of Lyon , France . Owned by OL Groupe , the arena opened in November 2023 and is mainly used for sporting events and concerts. It is located near the Parc Olympique Lyonnais stadium and training complex. On 7 December 2018, the ASVEL Lyon-Villeurbanne basketball club announced

76-408: A WWE pay-per-view and livestreaming event were held in the country. Indoor arena An arena is a large enclosed platform, often circular or oval-shaped, designed to showcase theatre , musical performances , and/or sporting events . It is composed of a large open space surrounded on most or all sides by tiered seating for spectators, and may be covered by a roof. The key feature of an arena

114-403: A facility is typically called a stadium . The use of one term over the other has mostly to do with the type of event. Football (be it association , rugby , gridiron , Australian rules , or Gaelic ) is typically played in a stadium, while basketball , volleyball , handball , and ice hockey are typically played in an arena, although many of the larger arenas hold more spectators than do

152-425: A financing plan for the construction of the hall. The group took over the entire financing. The project was supported by the subsidiary OL Vallée Arena. The planned costs of 141 million euros were to be financed through equity capital of 51 million euros and a real estate leasing of 90 million euros. The OL Vallée Arena signed a 15-year amortizing real estate lease agreement with a group of five banks, which provided for

190-448: A group of former Digital Domain employees to create Pulse Evolution Corporation. Pulse Evolution Corporation is a globally recognized pioneer in the development of hyper-realistic digital humans for live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications. Pulse Evolution showcased its technology with a holographic performance of Virtual Michael Jackson at

228-448: A location, often with the specific intent of comparing an idea to a sporting event. Such examples of these would be terms such as "the arena of war", "the arena of love" or "the political arena". John Textor Textor is the majority owner and chairman of Eagle Football Holdings Limited, the leading shareholder of professional football clubs Botafogo , Crystal Palace F.C. , Olympique Lyonnais , and RWD Molenbeek . John Textor

266-590: A major investment into the feature film Ender's Game . Textor is credited as Producer and Executive Producer on the film. Textor's team of around 20 artists organized the 2012 appearance of Virtual Tupac Shakur at the Coachella Valley Music Festival . The performance earned Textor's studio the Titanium Award at the 59th annual Cannes Lions International Festival of Creativity . Digital Domain went bankrupt in 2012 and

304-612: A multi-function arena project, which would notably host LDLC ASVEL matches in the EuroLeague . In February 2019, Jean-Michel Aulas , then-owner and president of Olympique Lyonnais , announced plans to build a multi-purpose arena next to the stadium. It would become another part of the OL Vallée and would accommodate 10,000 to 15,000 people depending on the event. Aulas also stated that discussions were being held with ex- National Basketball Association player Tony Parker , owner of

342-569: A net debt of 321 million euros at the end of 2022, according to its latest annual accounts, which showed a net loss in the first half of 60.7 million euros. Textor wanted to eliminate all debts not related to Groupama Stadium within two years. Olympique made the offer of 40% or full control of the LDLC Arena. In May 2023, the club sold a majority stake in the Olympique Lyonnais women's team to US businesswoman Michele Kang . OL Groupe

380-489: A residual value of 20 percent. The first seats in the new hall were presented in a ceremony on 6 September 2022. The shell construction was completed in February 2023. This was followed by the roofing of the hall. It was scheduled to be closed by the end of March that year. The support structure weighs 1,200t and spans 70m. To achieve a better carbon footprint , the proportion of concrete was reduced by 25 percent compared to

418-612: A short time later, Textor was sued by the state of Florida for $ 80M. The Supreme Court of New York and the Inspector General of the State of Florida cleared Textor of any financial wrongdoing, and The Athletic reported that he had received a settlement from the hedge fund that caused the collapse. The settlement awarded Textor $ 8.5 million in financial damages and assigned all technology assets of Digital Domain's Florida studio. SEC filings demonstrate that Textor used

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456-569: A struggling online retailer. He took the company public in 2005 selling 2 million shares of common stock, equivalent to approximately $ 16.5 million. Using proceeds from the IPO, Textor purchased other online retailers and a marketing company to help build the brand. BabyUniverse saw an increase in revenues from $ 1 million to $ 40 million, resulting in the October 2007 sale of BabyUniverse into a reverse merger and change of control transaction with eToys.com,

494-529: A team with right-wing ultras, to which he responded "Well I don't care, this has nothing to do with football". In January 2022, Textor signed a binding offer to purchase 90% ownership in Botafogo de Futebol e Regatas SAF, one of the greatest football clubs in brazilian football history. According to the Belgian press, Textor acquired 80% of RWD Molenbeek in the same week. On June 20, 2022, Textor became

532-529: A well-known e-commerce company, controlled by D.E. Shaw. Textor resigned as CEO at the time of the merger, with BabyUniverse stock trading at its all-time high of $ 12.00 per share, having nearly tripled from its low in February of that same year. He later became Chairman of eToys. In May 2006, Textor as one of the principals of Wyncrest Holdings, acquired Digital Domain . Other principals included film director Michael Bay and former NFL player, Dan Marino . According to Variety an inside source claimed that

570-476: Is also the sport of indoor American football (one variant of which is explicitly known as arena football), a variant of the outdoor game that is designed for the usual smaller playing surface of most arenas; variants of other traditionally outdoor sports, including box lacrosse as well as futsal and indoor soccer , also exist. The term "arena" is also used loosely to refer to any event or type of event which either literally or metaphorically takes place in such

608-543: Is that the event space is the lowest point, allowing maximum visibility. Arenas are usually designed to accommodate a multitude of spectators. The word derives from Latin harena , a particularly fine-grained sand that covered the floor of ancient arenas such as the Colosseum in Rome , Italy, to absorb blood. The term arena is sometimes used as a synonym for a very large venue such as Pasadena's Rose Bowl , but such

646-461: The "metaverse" in 1999. Jester Digital's new technology was the first digital distribution platform to be endorsed by Metallica and was also supported by joint-ventures with leading digital rights management companies, such as IBM , and strategic relationships with leading music artists and action sports companies. Jester Digital Corporation was among the earliest to create internet-based multi-user virtual reality and game-like environments which paved

684-509: The 2014 Billboard Music Awards According to a 2019 SEC filing Facebank Group previously operated as Pulse Evolution Group and Recall Studios. The organization's filing described them as a digital human technology company, focused on the development, collection, protection and preparation of the personal digital likeness assets, of celebrities and consumers, for use in artificial intelligence, entertainment, personal productivity and social networking. When it acquired Fubo TV. Allywatch described

722-661: The ASVEL Lyon-Villeurbanne basketball club, about moving from the Astroballe to the new arena. In June 2019, Aulas and Parker entered into a partnership with OL taking a 25% minority stake in LDLC ASVEL and LDLC ASVEL Féminin , with ASVEL to play its EuroLeague home games in the new arena. The club would continue to play the remaining games in the Astroballe. In mid-June 2021, ASVEL Lyon-Villeurbanne

760-415: The acquisition as a reverse merger that effectively enabled Fubo TV to operate as a public company. Fubo claimed that the merger expanded the organization's presence in the over-the-top television industry In April 2020, Textor completed the acquisition of fuboTV Media. via zoom call. Thusly, Fubo went public. and in under two years, grew to an NYSE-listed market value of more than $ 6 billion. In

798-720: The arena, which ended in a 100–101 loss by LDLC ASVEL to FC Bayern Munich  after two overtimes, as part of the tenth round of the 2023–24 EuroLeague regular season and was attended by 11,354 spectators. During the season, a total of eleven games are scheduled to be played in the LDLC Arena. Comedian and actress Florence Foresti also made her first appearance on stage on November 28. Music artists Sting and Lomepal are scheduled to perform in December of that year. In 2024, more concerts by artists including Calogero , Shaka Ponk , Patrick Bruel , Green Day and Michel Sardou are to follow. It will also host

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836-534: The award of these technology assets to launch the business that would ultimately become fuboTV . Textor went on to launch Facebank in 2013. "a technology-driven intellectual property company engaged in the development and promotion of human likeness technologies" and, in 2020, he bought sports streaming platform fuboTV , merging the two businesses before floating them on the New York Stock Exchange as FuboTV Inc. In late 2013, Textor organized

874-622: The board and the principal owner. During his tenure, and utilizing the trademarks owned by his partner and snowboard pioneer Tom Sims , he created the World Snowboarding Championship at Whistler, British Columbia . Textor's holding company, Wyndcrest Partners, funded the struggling company in 1996. Wyndcrest guided ATG through an IPO in 1999 resulting in a liquid valuation of $ 10 billion. According to The Palm Beach Post , Textor's Jester Digital created an internet-based 3-D multi-user virtual world, referred to as

912-657: The buyers purchased the company for an estimated $ 35 million. Digital Domain won an Academy Award in 2009 for Achievement in Visual Effects for creating a believable digital human actor in The Curious Case of Benjamin Button . This achievement, known as the ‘Holy Grail of "Visual Effects" by The Hollywood Reporter . In 2011, Digital Domain Media Group entered into the film production business with

950-578: The design and construction of the Groupama Stadium , which opened in 2016. According to plans, construction with a planned cost of 141 million euros would begin at the end of 2021 and be completed two years later at the end of 2023. In mid-October of that year, the Olympique Lyonnais Groupe signed a multi-year contract with Live Nation Entertainment . The agreement began with construction starting in early 2022. The name of

988-399: The multi-purpose hall in Décines-Charpieu , a commune located in the Metropolis of Lyon , France . According to information at the time, the arena would offer 12,000 to 16,000 seats and would be the largest event hall outside of Paris, holding 80 to 120 events per year, such as concerts, sports and esports competitions, seminars, and trade fairs. The two companies were already involved in

1026-484: The multi-purpose hall was presented at the beginning of December 2021. Groupe LDLC, owner of computer and technology stores and sponsor of ASVEL Lyon-Villeurbanne and the e-sports division of Olympique Lyon , would be the title sponsor of the event arena for eight years. At the beginning of February 2022, the groundworks that began in January were completed and construction began. In May of that year, OL Groupe presented

1064-464: The original plan and low-carbon concrete was used. The opening was scheduled for December 15, 2023. LDLC ASVEL was scheduled to play 13 to 17 games in the arena annually. As it became known at the end of September 2023, Olympique Lyon intended to give up partial or complete control of the arena. The American entrepreneur John Textor completed the purchase of Olympique Lyon in December 2022 through his holding company Eagle Football Holdings. OL Groupe had

1102-474: The owner of Olympique Lyonnais by acquiring 40% of the OL Group shares, held by IDG Capital and Pathé , and the majority of shares previously held by Jean-Michel Aulas . On December 19, 2022, The Financial Times reported that Textor had acquired a 77.49% stake in the club through his investment vehicle, Eagle Football Holdings. The reported total value of the deal was $ 940 million (€884 million). In

1140-820: The spring of 2020, Textor resigned from his post as Executive Chairman of fuboTV. At the time of his resignation from fuboTV, and through completion of the company's IPO on the New York Stock Exchange, Textor remained the largest shareholder of fuboTV. FuboTV grew rapidly in value as a public company, moving from the over-the-counter market, to the New York Stock Exchange, to the Russell 3000 index in only nine months. In August 2021, Textor invested £86million for 40% ownership in Crystal Palace Football Club , joining Steve Parish , Josh Harris , and David Blitzer as co-owner. Textor

1178-541: The stadiums of smaller colleges or high schools. There are exceptions. The home of the Duke University men's and women's basketball teams would qualify as an arena, but the facility is called Cameron Indoor Stadium . Domed stadiums, which, like arenas, are enclosed but have the larger playing surfaces and seating capacities found in stadiums, are generally not referred to as arenas in North America. There

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1216-438: The touring musical Starmania for 6 dates in October 2024. American professional wrestling promotion WWE hosted two events at the arena: the first was a local live broadcast of the television program Friday Night SmackDown on 3 May 2024, followed by the pay-per-view and livestreaming event, Backlash France , a day later, which was broadcast live worldwide. This was the first time that an episode of SmackDown and

1254-444: The way for the convergence of music and the internet, massive multi-player games, and the digital distribution of entertainment content. Textor was a founding director of Virtual Bank in the year 2000, an Internet banking startup. Virtual Bank was a multi-billion dollar diversified financial services company and included a private wealth business known as Lydian Trust Company. In the early 2000s, Textor took control of BabyUniverse,

1292-536: Was accepted as a shareholder in the EuroLeague with a permanent right to participate with the A license. To do this, the club needed a venue that met the requirements of the EuroLeague for international games; the Astroballe had only 5,556 seats. In July 2021, Olympique Lyon awarded the architectural firm Populous and Citinea, a subsidiary of the French construction group Vinci SA , the contract to design and build

1330-587: Was also exploring the sale of OL Reign , a women's soccer franchise in Tacoma from the US National Women's Soccer League . During a visit to the arena on 12 September 2023, by Xavier Pierrot, deputy general manager of the OL Groupe and responsible for the LDLC Arena, and Tony Parker, the first events in the new arena were announced. On 23 November 2023, the first basketball game was held in

1368-582: Was also linked to efforts to purchase Brentford FC , Watford FC and Newcastle United . In 2024, Textor criticized UEFA Financial Fair Play Regulations and the Premier League's profit and sustainability rules for allegedly preventing smaller clubs from challenging for titles. He pointed out that Nottingham Forest had been deducted points under these rules despite the wealth of owner Evangelos Marinakis . He also said that he had been criticized by Crystal Palace's left-wing ultras for buying Lyon,

1406-635: Was born as a member of the extended du Pont family in 1965. Textor claims to have grown up in a middle-class family in the Palm Beach area in Florida whilst spending his summers working for freight delivery companies. Textor competed in freestyle skateboarding competitions around Florida as part of the Sims Skateboards team. According to Craig Snyder's A Secret History of the Ollie , Textor

1444-478: Was said to have been "one of the few who surpassed [multiple world champion] Rodney Mullen in freestyle competition during" the late 1970s". Textor left competitive skateboarding in the early 1980s to focus on other interests after sustaining a severe head injury in competition. Textor claimed this accident was the reason he turned toward his education and to technology interests at a young age. Having acquired Sims Snowboards in 1996, Textor served as chairman of

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