OL Groupe: €276.3 in revenue in 2019-20 (-11%), shortfall due to Covid-19 estimated at €100m

Total revenue from OL Groupe's activities for the 2019-20 fiscal year (from 01/07/2019 to 30/06/2020) amounted to €276.3m, down 11% compared to 2018-19 (€309m), announces the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats) on 23/07/2020.

"The growth of the Group's activities, marked by a record level during the first nine months of the fiscal year (+19%, to €265.7m), was abruptly halted from mid-March 2020 with the shutdown of all activities (excluding e-commerce). The financial impact corresponding to the shortfall on income from activities excluding player trading is estimated internally at €50m as of 30/06/2020," added OL Groupe, which recorded only €10.6m in turnover over the last three months of the 2019-20 fiscal year due to the Covid-19 crisis.

"The LFP's premature decision to stop the Ligue 1 championship, when the other European top leagues have decided to complete their 2019-20 seasons during the summer, has prevented player trading operations at the international level, thus penalizing the club, in its internal estimate, of realizing €50m in this line…