US business magnate John Textor was removed from managing the Botafogo football club

US business magnate John Textor was removed from managing the Botafogo football club

An arbitration court in Brazil has removed US businessman John Textor from managing Botafogo football team, which he owns, the Brazilian club announced Friday.

The decision was made as a result of an ongoing financial dispute involving Eagle Football Holdings Bidco, the club's majority shareholder.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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