Raine Ventures Head to Join Consortium in Lyon Football Deal (2)

Gordon Rubenstein, the head of Raine Group’s venture capital arm, has agreed to join US digital entrepreneur John Textor in his planned takeover of French football club Olympique Lyonnais.

Rubenstein said in an interview he’s joining Textor’s consortium in a personal capacity as he sees “a lot of upside in the French league.” He said his background in technology and content could help Lyon with fan engagement.

“I think we have an incredibly strong group behind the effort, which is focused on creating value for the community,” Rubenstein said. “Lyon is one of the most historic women’s ...