Olympique Lyonnais see turnover rise

The Ligue 1 club has announced its results for the period ended 31 December 2004. Turnover rose by 23.3% to €51.378m with a net profit of €2.2m compared to a loss of €3.24m the year before. The net balance sheet has improved by €26m as a result of the revaluation of active players according to the application of a new accounting standard that will be applied on 30 June 2005. The club has a number of subsidiaries which all turned in profits in the half year for the first time. These companies all exploit the OL brand: OL Merchandising, M”A, OL Voyages, OL Organisation, OL Images, OL Restauration et Argenson. These companies registered total turnover of over €10m, up by 76% from the same period a year before. The internal strong cash flow l generated by the club and the recent increase in capita has allowed making significant investments in players. In the course of the last five seasons the club has invested (without debt) more than €80m. The prospects for the second half of the year are good. Attendance levels at home games have reached nearly 1m with a stadium capacity utilization rate of more than 95%. The club will reveal soon details of its planned television channel which will be available to supporters through diffusion by satellite, ADSL, cable, through the mobile operator 3G and through the internet.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.