Recent developments at Eagle Football Group

The Board of Directors of Eagle Football Group met to discuss progress regarding the administration of majority shareholder Eagle Football Holdings Bidco Limited. The Company is considering sharing confidential information with third parties potentially interested in acquiring the shares held by Eagle Bidco, subject to a confidentiality agreement.

Agreements have been signed with Eagle Bidco and a consortium including Ares Capital and an affiliate of Michele Kang, the company's CEO. Similar agreements with other interested parties are possible in the coming weeks.

In light of the potential consequences of a change of control, the Board has established an ad hoc committee of three independent directors. This committee will monitor the administration process and, if necessary, propose measures to the Board to assess the benefits of a potential public offering for all stakeholders.