OL Groupe announced a 5% increase in revenue from its activities by presenting the activity for the first nine months of the 2022-2023 budget year. It amounts to €202.7 million (+€9.2 million compared to a year earlier)
Despite the absence of a European Cup this season, the box office lost only €900,000 thanks to a 38% increase in receipts during French matches. Last season, two games behind closed doors and a “Covid” gauge on the posters against PSG and ASSE had weighed.
Despite the absence of Europe, TV rights also jumped 81% (+€21 million). The results announced include the 1st installment linked to the “LFP/CVC Capital” operation in the amount of €16.5 million.
Events increased by 102% (€9.5 million), while there are still 4 sold-out concerts until the end of the financial year (Dépêche Mode, Muse and two dates by Mylène Farmer).
The transfer of the women’s section to another branch of Eagle Football as well as the sale of OL Reign will partly meet these demands.
A little earlier in the day, OL Groupe had announced the departure of Jean-Michel Aulas from the presidency. As Le Progrès told you on Monday, JMA and its Holnest holding company will receive €10 million as “termination compensation”. Similarly, OL Groupe will buy back within three months “one third of the OL Groupe shares that will be issued for the benefit of Holnest, i.e. a total of €14,479,620”.
In return, the press release mentions the “waiver of any recourse or action by Holnest and/or Mr. Jean-Michel Aulas against OL Groupe”.
Source: Le Progrès : info et actu nationale et régionale – Rhône, Loire, Ain, Haute-Loire et Jura | Le Progrès by www.leprogres.fr.
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