O. Lyonnais Group: €14.1m net loss in the first half of 2013-14 (60.2% higher than a year earlier)

The "net income" (the return share to the group) is - €14.1m, announced OL Groupe, holding company and owner of Olympique Lyonnais (Ligue 1) for the first half of 2013-14 (from 01/07 to 31/12/2013), following a meeting of its board of directors on 25/02/2014. These losses amounted to €8.8m for the first half of 2012-13, an increase of 60.2% year on year.

"First-half revenue and earnings were hard hit by exceptional and transitory items that masked the improving trend in earnings that is now underway," said the OL Groupe, which cites, "it was directly impacted by the exceptional 75% tax on high salaries, which totalled €4m," in 2013.

"OL Groupe continued to apply the board of directors’ strategic plan to significantly reduce payroll and amortisation of player registrations. As a result, these line items contracted by a total of €12.2 million in the first half of 2013/14," stated the group.

"During the winter transfer window, OL Groupe refused firm offers for player transfers so as to preserve the club’s sporting performance for the current season," said the group. Olympique Lyonnais…