Since opening its private stadium, the Group has developed a high-performance business model, which has helped drive the substantial increase in our revenue and financial performance.

OUTLOOK

On the sporting front, after a difficult start to the 2023/24 season, l’Olympique Lyonnais wants to do everything it can to improve its performance in the short term and move closer to the top of the French Ligue 1 league table. The Mercato carried out in January 2024 is part of this objective. The club's ambition for the future remains recurrent participation in the European Cup.

After the first two instalments (€40 m in total) linked to the LFP/CVC transaction2, during the 2022/23 financial year, the Group should register the 3rd and final instalment (€50 m) in 2023/24, subject to completion of the forthcoming transactions between LFP and CVC Capital Partners and allocation conditions defined by LFP.

After opening on November 23, 2023, the LDLC Arena will be rolled out in 2024 with a large number of events (concerts, shows, LDLC ASVEL Euroleague matches, French basketball team matches, etc.…).

Groupama Stadium also boasts a rich program for the coming months, including major concerts: Taylor Swift (June 2 & 3, 2024), Rammstein (June 15, 2024), Coldplay (June 22, 23 & 25, 2024) as well as sporting events: a France/Germany Women's Nations League match (February 23, 2024), the France/England rugby match as part of the 6 Nations Tournament (March 16, 2024), a French football team match, in preparation for Euro 2024 (March 23, 2024), 11 football matches (men's and women's) as part of the Paris 2024 Olympic Games (July and August 2024), the opening and closing ceremonies of WorldSkills Lyon 2024 (at Groupama Stadium and LDLC Arena in September 2024), and the TOP 14 semi-finals (June 2025).

STRATEGIC OBJECTIVES

  • The Group intends to refocus on its men's football activities and divest all or part of certain non-core assets, the proceeds from the sale of which could be used to invest in the training and development of young players and reduce the Group's financial debt.
  • Eagle Football Group (formerly OL Groupe) is considering a possible listing of its shares (or those of its majority shareholder, Eagle Football Holdings) on the New York Stock Exchange. Such a listing, if carried out, could be announced during the 1st half of 2024.

In view of Eagle’s plan to be listed on the New York Stock Exchange in 2024, OL Groupe's corporate name was changed to Eagle Football Group, in accordance with the decision taken at the Annual Shareholders’ Meeting on December 11, 2023. In this context, Eagle Football Group has completed (subject to the usual conditions precedent, notably linked to the financing agreements with Eagle Football and RWDM (Racing White Daring Molenbeek), the acquisition from Eagle Football Holdings Bidco of its stake in RWDM, representing 98.68% of the capital of the Belgian club. This transaction, worth €14.5m, is a regulated agreement, previously authorized by the Board of Directors, and will be submitted to the Annual Shareholders’ Meeting for approval.

On March 18, 2024, OL Groupe (now named Eagle Football Group) signed an agreement with a group including the Seattle Sounders and global investment firm Carlyle for the sale of Seattle Reign FC (formerly OL Reign). OL Groupe will sell its entire stake, representing 97% of the club's share capital. The sale price is $58 million (around €53.6 million) for 100% of the shares. The transaction is expected to close in early 2024, subject to the approval by the NWSL (National Women's Soccer League) and MLS (Major League Soccer) Boards of Governors. (see press release dated March 18, 2024).

The Group is also working on the sale of its recently inaugurated asset, the LDLC Arena, in line with its objective of refocusing on its men's football activities. Negotiations are underway with several potential buyers, and an agreement may be reached in the coming months.

2 Reminder: Following the creation of the LFP's commercial subsidiary and the investment fund CVC Capital Partners' acquisition of a stake in the said subsidiary in July 2022 (€1.5 billion for 13%), the L1 and L2 colleges and the LFP Board of Directors voted to distribute €1.13 billion to the clubs (split over several financial years), including a total allocation of €90 million to be received by Olympique Lyonnais.


CONTACT:

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