Lille OSC officially has a new president in Gerard Lopez. The Lille club is now under the direction of the Spanish-Luxembourg businessman. Gerard Lopez succeeds Michel Seydoux as head of Losc. According to a statement released on Thursday afternoon, the businessman is now the new majority shareholder and president of the Lille football club, currently 14th in Ligue 1. This announcement marks the end of a sale process started in October. The origin of the funds invested in the purchase of Losc and in the repayment of the club's debts to its former majority shareholder is still in question. One certainty, these funds are channeled through a company called 'L Holding' registered on January 13 with the Paris Commercial Court. Gerard Lopez and his collaborators must pass a major oral exam before the National Directorate of Control and Management on Friday. The financial gendarmes of French football will then have to approve this sale process. Meanwhile, the current interim coach, Patrick Collot, has stated that he will remain in office until the end of the season. Lille OSC is currently in 14th place in Ligue 1. Gerard Lopez therefore has a difficult task ahead of him to straighten out the club. The new president of Losc will have to face many challenges to bring the club back to the top of the championship. And with the help of his collaborators, he hopes to succeed in achieving this goal. Losc needs a president who can guide it to success. Is Gerard Lopez the right man for the job? Only time will tell. Lille OSC is ready to face the challenges ahead.