While its professional teams are polishing their preparation, Olympique Lyonnais continues to lose money. This is what emerges from the financial report drawn up by OL Groupe, the holding company which oversees the club chaired by Jean-Michel Aulas. Very critical of the premature end of the championship, the boss of OL saw his turnover fall by 11% over the financial year ended at the end of June due to the impact of the epidemic of coronavirus on its activities. The amount of losses amounted to 100 million euros.
"The performance of the company was strongly affected by the Covid-19 crisis which resulted in the sudden end of the main activities of the group in mid-March", underlines the group in a press release. The impact of the pandemic is estimated at 50 million euros on 2019/2020 turnover excluding the sale of players, and at 50 million "on an internal estimate of unrealized player trading at the end of the season", specifies OL Group.
Ticket sales, TV rights and events plunge
His boss Jean-Michel Aulas has denounced for months, and once again in the press release published Thursday evening, "the premature decision of the Professional Football League to stop the League 1 championship" in mid-March. While on March 31, over the first nine months of the fiscal year, the income from OL's activities showed an increase of 19% over one year, the latter amounted to 276.3 million euros at the end of the year. June, compared to 309 million twelve months ago (-11%).
Activity for fiscal year 2019/2020 -> the # full press release # Eco #OLGroupe #PdF
(OL: https://t.co/WfqjLuPKJy) pic.twitter.com/As504hTuwp
Ticket sales fell by 15%, TV and marketing rights fell by 16%, revenues from events plunged by 30% over the whole of the past financial year, major concerts having had to be canceled at Groupama Stadium.
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Poor compensation, income from the sale of player contracts was up 3% to 90.9 million over the year, thanks in particular to the transfers of Tanguy Ndombélé to Tottenham, Nabil Fékir to Betis Seville and Lucas Tousart to Hertha Berlin. But the receipts drawn from the current summer transfer window, for the time being, look sad.
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- Covid 19
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- OL
- Jean-Michel Aulas
- Lyon
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