Rapport Eric Besson (PDF - 2,81 Mo)
Projet OL Land (PDF - 2,95 Mo)CONTACT:
Financial communication
Tel: +33 4 81 07 55 00
Fax: +33 4 81 07 45 65
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Code of conduct
In accordance with Article 17 of the Sapin II law, Eagle Football Group (formerly OL Groupe) has implemented a specific anti-corruption system, one of the components of which is this Anti-Corruption Code of Conduct.
It applies to the entire Eagle Football Group , in particular to management, corporate officers and permanent (employees on permanent contracts) and casual workers (trainees, fixed-term contracts, professional training contracts, temporary workers, on-site service providers).
This Anti-Corruption Code is intended to serve as a guide for identifying situations involving corruption or influence peddling. It describes situations that the employee may face and explains how to behave in such situations.
Any question from an employee about the application of the Code or its interpretation must be referred to their line manager or to the person designated by Eagle Football Group .
There is zero tolerance of all forms of corruption and influence peddling, whether active or passive, by employees or stakeholders of Eagle Football Group .
Anti-corruption charter
The Anti-Corruption Charter is intended to specify to our co-contractors of any kind (suppliers, customers, partners) our expectations within the framework of the business relationships established with Eagle Football Group entities.
Download anti-corruption charter
Whistleblowing scheme
In accordance with the law No. 2016-1691 of December 9, 2016 (called Sapin 2) and decree No. 2017-564 of April 19, 2017, companies with more than 50 employees are required to set up a whistleblowing scheme, intended to enable staff and external collaborators to report suspicious facts as soon as possible, as defined in the attached note, and to guarantee the confidentiality of the processing of alerts as well as the protection of the whistleblower.
You can send a report to the whistleblowing point of contact (This email address is being protected from spambots. You need JavaScript enabled to view it.).
Organised around Olympique Lyonnais, the football club founded in 1950, Eagle Football Group (formerly OL Groupe) has become a leader in the entertainment and media sector in France.
Since Olympique Lyonnais' privately-owned stadium came into service in January 2016, new businesses have been developed, in particular major sporting, cultural and corporate events. This has generated new sources of revenue, independent of the Group's core football business.
The Group is organised around six complementary sources of revenue:
- TICKETING
- MEDIA AND MARKETING RIGHTS
- SPONSORING AND ADVERTISING
- BRAND-RELATED REVENUE (derivative products, OL Images, etc.)
- EVENTS
- PLAYER TRADING
The OL Academy, among the best in Europe, and the recruitment of talented young players are an integral part of the strategy, which aims to unlock the potential of the teams, both on the pitch and economically.
Since December 2022, Eagle Football Group (formerly OL Groupe) has been part of the Eagle Football Holdings Bidco Limited multi-club group, controlled by American businessman Mr. John Textor. As of 29 february 2024, Eagle Football Holdings Bidco Limited holds 87.69% of Eagle Football Group's share capital.
John Textor has been Chairman and Chief Executive Officer of Eagle Football Group since 5 May 2023.
In 2024, OL Groupe changed its corporate name to Eagle Football Group.
| Key figures (2022/2023) | |
|---|---|
| Total revenue (APM*) | €289.7m |
| EBITDA | -€1.8m |
| Equity (incl. non-controlling interests) | €105.4m |
| *APM (Alternative Performance Measure) corresponds to both non-player trading revenue and revenue from the sale of player registrations. | |
SIMPLIFIED ORGANISATION CHART AS OF 31 MARCH 2024
FORTHCOMING EVENTS *
CONCERTS
FELYN FESTIVAL
18-19 JUNE 2021
INDOCHINE CONCERT
26 JUNE 2021
RAMMSTEIN CONCERT
9-10 JULY 2021 (2021/22 FINANCIAL YEAR)
PRIVATE CONCERT FOR GROUPAMA
(2020/21 OR 2021/22)
SOPRANO CONCERT
11 JUNE 2022
* Public health conditions permitting
Rapport de la Commission Grands Stades EURO 2016 (PDF - 747 Ko)
The Board of Directors
Your Company's Board of Directors comprises twelve directors, eleven of whom are individuals and one is a legal entity. Of these twelve directors, 5 are qualified as independent:
The Board of Directors is composed as follows :
Mr John Textor
Chairman of the Board of Directors; Acting Chief Executive Officer
Chairman of the Board of Directors; Acting Chief Executive Officer
Mrs Deborah Andrews
Independent director
Member of the Appointments and Remuneration Committee
Independent director
Member of the Appointments and Remuneration Committee
Mr Mark Affolter
Director
Director
Mr Alexandre Aulas
Director
Director
Mr Jean-Pierre Conte
Director
Director
Ms Nathalie Dechy
Independent director
Member of the Audit Committee
Independent director
Member of the Audit Committee
Mr Jamie Dinan
Director
Director
Mrs Bethel Gottlieb
Independent director
Member of the Audit Committee
Independent director
Member of the Audit Committee
HOLNEST
represented by Patrick Bertrand, Director
represented by Patrick Bertrand, Director
Ms Michele Kang
Director
Member of the Appointments and Remuneration Committee
Director
Member of the Appointments and Remuneration Committee
Mrs Camille Lagache
Independent director
President of the Audit Committee
Independent director
President of the Audit Committee
Mr Sharad Tehranchi
Independent Director
President of the Appointments and Remuneration Committee
Independent Director
President of the Appointments and Remuneration Committee
Audit Committee
The Audit Committee comprises 3 members, the majority of whom have to be qualified as independent directors, appointed by the Board of Directors. Neither the Chairman, nor the Chief Executive Officer, nor members of Executive Management may be members of this committee. At the time of their appointment, they receive, if necessary, training in the specific accounting, financial and operational aspects of the company and the Group. The President of the Audit Committee is appointed by the Board of Directors. The Audit Committee meets at least four times a year, on the initiative of its President and the Chairman of the Board of Directors, to examine the annual financial statements, the half-yearly financial statements and the quarterly business report before they are submitted to the Board of Directors.
The composition of the Audit Committee, as determined by the Board of Directors, is as follows:
Mrs Camille Lagache
Independent director President of the Audit Committee
Independent director President of the Audit Committee
Ms Nathalie Dechy
Independent director
Independent director
Mrs Bethel Gottlieb
Director
Director
Appointments and Remuneration Committee
The members of the Appointments and Remuneration Committee are appointed by the Board from among the Company's directors, and number three, the majority of whom are independent. The President of the Appointments and Remuneration Committee is appointed by the Board.
The membership of the Appointments and Remuneration Committee, as determined by the Board of Directors, is as follows :
Mr Sharad Tehranchi
Independent Director President of the Appointments and Remuneration Committee
Independent Director President of the Appointments and Remuneration Committee
Mrs Deborah Andrews
Independent director
Independent director
Ms Michele Kang
Director
Director
Internal control
The aim of the internal control framework is to prevent and manage the risks to which the Group is exposed. It is founded on several bodies under the direction of an Executive Committee, made up of the General Manager (not corporate officer), as well as all the Managers and Deputy General Managers by area, and chaired by the General Manager (not corporate officer).
Eagle Football Group's various operational departments carry out first-level controls and are responsible for formalising and applying procedures within their scope in order to guarantee the completeness and accuracy of financial data.
At the same time, the internal control team carries out second-level controls, and the Cybersecurity department, under the responsibility of the Information Systems Security Manager (ISSM), is continuing its efforts to secure the Company's information systems.
Articles of association
Download the company articles of association
Download the internal rules of the Board of Directors
REVENUE
| (in €m) | 30/06/23 | 30/06/22 | Var | %Var |
| Ticketing | 37.7 | 36.3 | 1.4 | 4% |
| Of which French Ligue 1 and other matches | 37.1 | 25.2 | 12.0 | 47% |
| Of which European matches | 0.6 | 11.1 | -10.6 | -95% |
| Media and marketing rights | 85.3 | 54.2 | 31.2 | 58% |
| Of which LFP/FFF | 84.1 | 35.3 | 48.8 | 138% |
| Of which UEFA | 1.3 | 18.9 | -17.6 | -93% |
| Sponsoring - Advertising | 38.9 | 42.0 | -3.1 | -7% |
| Brand-related revenue | 20.5 | 17.4 | 3.1 | 18% |
| Of which derivative products | 11.8 | 10.8 | 1.0 | 9% |
| Of which other brand-related revenue | 8.8 | 6.7 | 2.1 | 31% |
| Events | 16.6 | 10.5 | 6.1 | 58% |
| Of which seminars and stadium tours | 7.8 | 7.2 | 0.6 | 9% |
| Of which major events | 8.8 | 3.3 | 5.5 | 167% |
| Revenue excluding player trading | 199.1 | 160.5 | 38.7 | 24% |
| Revenue from sale of player registrations | 90.5 | 92.1 | -1.6 | -2% |
| Total revenue (1) | 289.7 | 252.6 | 37.1 | 15% |
(1) APM (Alternative Performance Measure) created as of 30 June 2020. “Total revenue” corresponds to the previous definition of “Total revenue”, i.e. revenue excluding player trading plus proceeds from the sale of player registrations.
SIMPLIFIED, CONSOLIDATED INCOME STATEMENT (1 July to 30 June)
| in €m | 30/06/23 | 30/06/22 | Chg. | % chg. |
| Revenue excluding player trading | 199.1 | 160.5 | 38.7 | 24% |
| Gains on sales of player registrations | 77.3 | 53.6 | 23.7 | 44% |
| Revenue from sale of player registrations | 90.5 | 92.1 | -1.6 | -2% |
| Residual value of player registrations | -13.2 | -38.6 | 25.3 | 66% |
| Total revenue (APM) | 289.7 | 252.6 | 37.1 | 15% |
| External purchases and expenses | -113.2 | -91.2 | -22.0 | -24% |
| Taxes other than income taxes | -8.4 | -7.5 | -0.9 | -11% |
| Personnel costs | -156.7 | -99.4 | -57.3 | -58% |
| EBITDA | -1.8 | 15.9 | -17.7 | - |
| Net depreciation, amortization & provisions | -62.0 | -65.8 | 3.7 | 6% |
| Other ordinary income and expenses | -12.5 | 8.7 | -21.2 | - |
| Operating profit | -76.3 | -41.1 | -35.2 | -86% |
| Net financial expense | -22.8 | -15.7 | -7.1 | -45% |
| Pre-tax profit/loss | -99.1 | -56.8 | -42.3 | -74% |
| Income tax expense | 1.3 | 1.8 | -0.5 | -29% |
| Share in net profit/loss of associates | -1.1 | 0.0 | -1.1 | - |
| Net profit/loss | -99.0 | -55.0 | -44.0 | -80% |
| Net profit/loss attributable to equity holders of the parent | -97.8 | -54.1 | -43.7 | -81% |
CONDENSED BALANCE SHEET *
| ASSETS (in €m) | 30/06/23 | 30/06/22 | EQUITY & LIABILITIES (in €m) | 30/06/23 | 30/06/22 |
| Player registrations | 53.3 | 73.3 | Equity (incl. non-controlling interests) | 105.4 | 78.1 |
| Property, plant & equipment | 444.3 | 384.0 | Infrastructure bank and bond borrowings | 114.2 | 160.5 |
| Other non-current assets (including assets in order to sale) | 57.6 | 6.1 | Other borrowings and financial liabilities | 344.2 | 222.9 |
| TOTAL NON-CURRENT ASSETS | 555.2 | 463.4 | TOTAL FINANCIAL LIABILITIES | 458.5 | 383.4 |
| Deferred taxes | 5.7 | 4.8 | Provisions | 3.0 | 2.7 |
| Player registration receivables | 22.9 | 40.2 | Player registration payables | 44.2 | 55.8 |
| Other assets | 123.1 | 115.8 | Other liabilities | 29.8 | 21.8 |
| Cash and cash equivalents | 34.6 | 27.5 | Current liabilities | 100.7 | 109.9 |
| TOTAL ASSETS | 741.5 | 651.6 | TOTAL EQUITY AND LIABILITIES | 741.5 | 651.6 |
*Simplified presentation, not IFRS-compliant
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.
Men's team
Women's team
OL Academy
Find out more about the OL Academy
Team LDCL ASVEL
Find out more about LDLC ASVEL
OL Reign
E-sport
