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Bolstered by financial success, Lyon moves ahead
France - 08 September, 2006
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French Lyon has agreed in principle to apply to the AMF, the body regulating financial markets, for a listing on the Bourse.
The application is one of the projects desired by president Jean-Michel Aulas before the end of the year. Others include the construction of a new training centre, the opening of an OL café in the centre of Lyon and the implementation of the plan for a new stadium in Lyon.
The club recorded net profits of EUR 15.9 million on consolidated turnover of EUR 166.1 million for the twelve months ended 30 June 2006, up by 42.4 percent from the previous year.
One of the reasons for the growth is that OL transferred Mickaël Essien to English Premier League club Chelsea for more than EUR 36 million. A statement from the club mentioned the other subsidiaries have continued to progress well to contribute to the growth in turnover.
The holding company's listing plans have been fortified by other good news in particular the strong growth in OL Merchandising bolstered by the sale of 120,000 replica shirts and also by the performance of OL Images whose club TV channel OLTV has reached into 600,000 households.
The rate of capacity utilization at 96.5 percent has been high at the Gerland stadium with 994, 750 attendees throughout the season.
The application is one of the projects desired by president Jean-Michel Aulas before the end of the year. Others include the construction of a new training centre, the opening of an OL café in the centre of Lyon and the implementation of the plan for a new stadium in Lyon.
The club recorded net profits of EUR 15.9 million on consolidated turnover of EUR 166.1 million for the twelve months ended 30 June 2006, up by 42.4 percent from the previous year.
One of the reasons for the growth is that OL transferred Mickaël Essien to English Premier League club Chelsea for more than EUR 36 million. A statement from the club mentioned the other subsidiaries have continued to progress well to contribute to the growth in turnover.
The holding company's listing plans have been fortified by other good news in particular the strong growth in OL Merchandising bolstered by the sale of 120,000 replica shirts and also by the performance of OL Images whose club TV channel OLTV has reached into 600,000 households.
The rate of capacity utilization at 96.5 percent has been high at the Gerland stadium with 994, 750 attendees throughout the season.
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