Soccer. OL Groupe will pay more than €24 million to the Aulas holding company within three months


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).

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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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