Luca Marotta Wednesday, February 9, 2011 21:51
There are some things in common between Juventus Torino Football Club SpA and Olympique Lyonnais Groupe (OL Groupe). This assertion is borne out by the reading of the consolidated financial statements, year ended June 30, 2010, OL Groupe, which reveals some similarities, from a management perspective. Specifically, similarities emerge regarding the shirt sponsor of "interactive demonstration", the relationship with the company Sportfive, the construction of a new stadium and the stock exchange. Olympique Lyonnais French sport is a reality very ambitious, trying to get closer to the big European clubs, as well as the strengthening of the rose of players, through the construction of a new stadium. However, investments in the squad of players led to an increase in staff costs and depreciation, which was the cause of heavy losses made June 30, 2010 in the amount of 35.3 million. The new stadium project is still in its early stages, on the bureaucratic process and design.
Olympique Lyonnais Groupe (OL Groupe) was established as a group on 1 February 1999.
"OL Groupe is the holding company which controls directly Olympique Lyonnais SASP and other 10 companies. As of September 30, 2010, Jean-Michel Aulas, through the company "ICMI" and the companies Pathé / OJEJ hold respectively 34.17% and 24.96% of the capital. In terms of control of the shares with voting rights of ICMI, the percentage rises to 41.79%. The Group companies operate in different functional areas football activities (merchandising, catering, travel, organization, TV programs). For example, "OL Images" is a company incorporated in 2004, which created in 2005 the TV channel "OL TV", to produce and broadcast programs initiated and implemented by "OL Images". The turnover of this company has reached $ 5.1 million. As far as the restaurant was established in 2006 "OL Brasserie" but unfortunately in the course of 2009/10 the company has not worked because of local fire occurred November 26, 2008.
"OL Organisation" is a company formed in 2004 by the warmth and safety in relation to events of Olympique Lyonnais. The organization of events related to the activity was transferred to Olympique Lyonnais' Sportfive in November 2007. The holding company "OL Groupe is a publicly traded company in Paris.
Sport results achieved by the Group during the 2009/10 season, were considered excellent, because for the first time in its history, Olympique Lyonnais has reached the semifinals of the "UEFA Champions League" and "Ligue 1", the club finished in second place, gaining the right to participate for the eleventh consecutive time in "UEFA Champions League." The women's team won its fourth consecutive French championships and competed in the final of the "Women's UEFA Champions League, first for a French club.
revenues, excluding sales of players' registration rights to benefits, amounted to 146.1 million euro, showing an increase of 4.7%, with record levels of revenue on ticket sales and television rights, while revenues from sponsorship and advertising have registered a sharp decline, due to the economic crisis and the law on games and betting online.
Turnover consists of the following items: TV Rights League and the Federation to 47.3 million, 31.2 million TV rights for UEFA, box office revenues to 24.8 million, 14.6 million in sponsorships, revenues from the exploitation of mark to 28.2 million.
TV rights have an impact on turnover 53.7%, an increase of 15.2%, primarily due to UEFA TV rights (+31.77%). The revenues from competitions account for 16.95% of revenues and were up 10.39%.
The sponsorship represents only 10.03% and mark a sharp decrease of 31.12%, a decrease of 6.6 million. The reason for this decline is due to continual delays of the French law on the liberalization of gaming and betting "on line", which is not allowed to expose for the entire season on sponsor's brand of shirt "interactive demonstration", according to an agreement in 'October 2009 for a term of four years. The law on the liberalization of the gaming business "online" was adopted by the National 6 April 2010 and allows the full implementation of the contract with Betclic for season 2010/2011. Another reason for the decline was the economic downturn, which caused the early termination of the contract with the sponsor "Accor". On August 7
2009, OL Groupe, and "Sportfive" have reached a sponsorship agreement with Adidas for the exclusive supply of sports equipment, with a duration of 10 seasons from 1 July 2010 until June 30, 2020.
revenues from the exploitation of the brand accounts for 19.32% and a slight increase of 1, 46%. Revenues "to mark" includes, among others, the marketing of products such as shirts and various gadgets, production and distribution of images, operating licenses, travel, signing fees and more. It hopes for the season 2010/11 in the distribution of Adidas.
Personnel costs amounted to 111.7 million, an increase of 39.22%. The impact of the cost of staff turnover, with no capital gains is 76.48%. Even if we consider the capital gains break the threshold of 70% set by the regulation of financial fair play.
On July 6, 2009, Olympique Lyonnais has ended its contractual relationship with "Noel Soccer", the exclusive licensee of sportswear UK "Umbro" after eight years of collaboration. The compensation paid to the early termination Umbro has been accounted for under "Other current operating expenses" and amounted to € 4 million.
Ebitda, or earnings before depreciation, interest and taxes, is good only for 12 000 euro, while in 2009 it was positive for 45.8 million. Depreciation and amortization related to the rose
players amounted to € 43.3 million, an increase of 21.26% over the previous year because of new purchases.
The gains achieved amounted to 3.3 million and are in sharp decline (-92.16%) on 30/06/2009. Therefore, during 2008/2009 was made the capital gain on the sale of Benzema to Real Madrid, which was sold for 35.3 million euro. During the 2009/10 season the value of supplies made for players was $ 14.3 million, of which the most significant was that of Keita Abdoul Kader 8.3 million, sold to Galatasaray. It is also the supply of Grosso to Juventus for € 1,984 thousand, with the possibility of output-related bonus, up to a maximum of 1 million euro.
should be noted that in terms of financial budgets of French clubs carry the value of the transfer of players between revenues and costs will be shot in the net book value. For this reason it is exposed to a higher value of revenues, in the case of OL Groupe has been exposed to the value of 160.2 million, a decrease of 16.56% compared to 192 million of 30/06/2009.
EBIT went from a profit of 7.5 million, recorded in 2009, with a negative value of € 52.6 million.
Profit before tax was negative for 53.4 million, while in 2009 it was positive for 8.4 million.
The calculation of taxes has led to a positive balance of deferred taxes of 18.3 million.
The loss for the year ended 06.30.2010 amounted to € 35.1 million, while in the previous year had shown an operating profit of 5.3 million.
The total assets amounted to 283,3 million, down from 299.6 million of 30/06/2009, marking a decrease of 5.46%. Non-current assets increased from 124.3000000 to 177.5000000 (+42.81%), while the current assets declined from 175.4000000 to 105.8000000 (-39.66%).
Intangible assets, totaling 122.8 million (74.9 in 2009) include: start-up of 2.2 million, and the players rose to 119.8 million (71.8 in 2009) other fixed assets intangible assets 754 000 €. The group of players has increased by 48 million euro, marking a 66.8% +. During the 2009/2010 financial year, there have been purchases of the following players:
- Lisandro Lopez of FC Porto for 25.8 million, with a 5 year contract;
- Michel Bastos from Lille to 20.7 million contract 4 years;
- Aly Cissokho from FC Porto for 15.8 million contract for 5 years;
- Bafetimbi Gomis from AS Saint Etienne And 15.2 million contract for 5 years;
- Dejan Lovren from Dinamo Zagreb for 9.9 million contract for four years and a half
- Jimmy Briand from Rennes for 7.4 million contract for four years.
After the financial year, August 24, 2010, Olympique Lyonnais bought from Yoann Gourcuff Girondins de Bordeaux for € 22.3 million, with a contract for five years.
Tangible fixed assets, amounted to 19.9 million (19.3 in 2009), with a low incidence of total assets equal to 7.03%. They include construction in progress on the new stadium to 8.4 million and the new sports training center, a modern building of 2,000 square meters built according to the criteria standard HQE (High Environmental Quality), which was completed in July 2008. Among the non-current assets include receivables from other clubs for players' transfers amounting to 12.5 million (29.1 in 2009), while current assets figure for the same item 26.9 million (33.3 in 2009) . Cash
although substantial, amounting to 45.8 million, registering a sharp decline of 56.13% over the previous year. Consider the investment business, alone, 42 million has drained liquidity.
shareholders' equity is positive for 130.8 million, but is decreased by 37 million because of the loss for the year 2009/10 and the distribution the dividend for the prior year. Dividends paid to shareholders during the financial year 2009/2010 (for the financial year 2008/2009) amounted to EUR 1.8 million, or € 0.14 per share. Of course, shareholders' equity of this entity, which covers 46.16% of total assets, is given in accordance with the purposes of regulation of financial fair play. In witness whereof, the net financial position of OL Groupe "is actually a positive € 50 000, though sharply reduced compared to positive net financial position of the previous year to 88.9 million euro. From this point of view, pointing out that the financial fair play allows net debt within the limits of annual revenues, the OL Groupe has little room for maneuver.
Non-current liabilities decreased from 46.2 million of 30/06/2009 to 41.5 million euro, while current liabilities increased from 85.6000000 to 111,000,000 euro.
Among the non-current financial debt outstanding to 25.4 million (35.9 in 2009) and debts for the purchase of players to 15.4 million (7.4 in 2009)
The higher current liabilities the debts for the purchase of players to 39.4 million, registering an increase of 38.78%. The tax and pension amounting to 31 million are in line with the previous year. The bank debt amounted to 9.7 million, an increase of 7.7 million. Other financial liabilities amounted to 4.8 million (4.1 in 2009). Trade payables amounted to 11.1 million. Accruals and deferred income are exposed to 13.9 million (5.6 in 2009).
As for the new stadium, 24 September 2007, it was confirmed the location of the project "OL Land" including the "Grand Stade" in Décines (Agglomeration Lyonnaise) web Montout an area of \u200b\u200b50 hectares, with the ' objective of including the "Grand Stade" between the stadiums of EURO 2016, in view of the French bid for the soccer event. In
of this project, the Board of Directors has established an investment committee and decided to establish the company "Foncière du Montout", 100% of OL Groupe, which referred to the acquisition, management and resale of land over the operation of sports facilities.
On 10 December 2009, the Administrative Court of Appeal set aside the revision of PLU (Plan local d'urbanisme) of the site of the future stadium. Following this cancellation, the majority of the members of the "Communauté Urbane" Lyon has delivered again in a favorable way to start a new revision of the plan, by 2011.
The designation of France as an organizer "Euro 2016" and a ministerial decision that recognizes the value of the project, together with a special law "Euro 2016", can facilitate the process of the new stadium which falls in the twelve selected for the UEFA event.
Regarding the design, Olympique Lyonnais has completed the preliminary design stage of the new stadium (AVP) in collaboration with "Buff & Associates and the architectural firm" Populous ". The proposed date for delivery of the stadium in December 2013.
Olympique Lyonnais is a company that has worked very well over the years, with the "capital gains" by Essien in Benzema. This is the custom to make gains, the administrators have estimated € 74.2 million in capital gains potential to 30/06/2010, from the sale of pink football players. The year 2009/10 has as only negative for the financial fair play is a relationship between personnel costs and revenues exceeding 70%. The loss for the year, whereas the sum of the results of the last three years, is reduced to 9.7 million, within the limits of the transitional period.
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