OL GROUPE : FINANCIAL FAIR PLAY

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Press release - Financial Fair Play

 

Lyon, 5 December 2014

 

Olympique Lyonnais confirms that the investigation chamber of UEFA's Club Financial Control Body (CFCB) has asked Olympique Lyonnais, in accordance with its rules of procedure, to provide additional information. This request is part of the discussions and normal control procedures implemented by UEFA and the CFCB. It relates to the procedure for supervising Financial Fair Play, and in particular to the rules governing financial breakeven.

 

OL Groupe's strategy is perfectly in line with the fundamental objectives of Financial Fair Play with regard to investment (i) in a privately-owned stadium, (ii) in its training academy, (iii) in its women's team and to (iv) keeping the payroll under control. The CFCB has requested additional information, because Olympique Lyonnais had asked that certain adjustments be taken into account. These related to the construction of the new stadium, restatement for exceptional taxes, such as the 75% tax, and expenditure related to the training academy. OL reiterates that for several years, the OL Academy has been consistently ranked among the best in Europe.

 

Olympique Lyonnais has collaborated proactively and transparently with UEFA since the start of Financial Fair Play. The Group is confident about the conclusions of this additional analysis phase, which is part of the standard control process regularly carried out by UEFA and the CFCB. These conclusions are expected to be published before the end of February 2015.

 

OL Groupe

Tel: +33 (0)4 26 29 67 00
Fax: +33 (0)4 26 29 67 18

Email:
dirfin@olympiquelyonnais.com
www.olweb.fr
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