News reverberating around the footballing world on Thursday evening suggested Liverpool had finally made a breakthrough in their negotiations for Lyon and France midfielder Nabil Fekir, with reports suggesting a deal had been struck between the two clubs.
Liverpool supporters' celebrations were reaching fever pitch, when Lyon slammed the brakes on, using in a club statement to claim, contrary to reports throughout the media, no deal had been agreed for Fekir.
Dans cette période de transferts où la moindre rumeur est souvent présentée comme une réalité, l’Olympique Lyonnais rappelle que seules les informations diffusées par le club sur son site internet font foi.— Olympique Lyonnais (@OL) 8 June 2018
Speaking regarding the rumours of Fekir's imminent transfer, the Ligue 1 side wrote: "
"Olympique Lyonnais categorically denies the false information disseminated by many media about the transfer of Nabil Fekir to Liverpool.
However, it has been revealed by Mirror journalist Dave Maddock that Lyon were required to dismiss any notion of a deal having being completed due to business reasons, with Les Gones legally required to announce any significant business activity to the French stock exchange first.
Lyon must make any announcement of significant business to stock exchange first.— David Maddock (@MaddockMirror) 8 June 2018
French stock market regulations state that a listed company, like Groupe OL, cannot release "important" information when the market is open, meaning any possible Nabil Fékir to Liverpool announcement will not occur before 17:00 English time, when the French stock market closes.— Get French Football (@GFFN) June 8, 2018
Reports also suggest that the move now likely go through after 17:00 English time on Friday, when the stock market closes in France.