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 borsa. L’Olympique Lyonnais è una realtà sportiva francese molto ambiziosa, che cerca di avvicinarsi sempre più ai grandi club europei, oltre che con il potenziamento della rosa dei calciatori, anche attraverso la costruzione di un nuovo stadio. Tuttavia gli investimenti nella rosa dei calciatori hanno provocato un aumento dei costi del personale e degli ammortamenti, che è stato la causa della forte perdita realizzata il 30 giugno 2010 nella misura di 35,3 milioni. Il progetto nuovo stadio è ancora nelle fasi iniziali, riguardanti l’iter burocratico e progettuale. “Olympique Lyonnais Groupe” (OL Groupe) è stato costituito in forma di gruppo il 1° febbraio 1999.
“OL Groupe” è 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 designed and produced 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 multi-year rights to benefits of players, 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 fallen sharply because of 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%). I Revenues from events 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 period of 4 years. The law on the liberalization of the gaming business "online" was adopted by the National 6 April 2010 and provides for full implementation 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, the 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 allowance for the early termination paid Umbro has been accounted for under "Other current operating expenses" and amounted to € 4 million.
Ebitda, or earnings before depreciation, interest and taxes, it 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 Benzema of 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 Abdoul Kader Keita 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 the amount is 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.
The pre-tax loss of 53.4 million, while in 2009 was positive at 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, clocking 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 contract di 5 anni;
- Michel Bastos dal Lille per 20,7 milioni e contratto di 4 anni;
- Aly Cissokho da FC Porto per 15,8 milioni e contratto di 5 anni;
- Bafetimbi Gomis dall’AS Saint Etienne per 15,2 milioni e contratto di 5 anni;
- Dejan Lovren dalla Dinamo Zagabria per 9,9 milioni e contratto di 4 anni e mezzo;
- Jimmy Briand dal Rennes per 7,4 milioni e contratto di 4 anni.
Dopo la chiusura dell’esercizio, il 24 agosto 2010, l'Olympique Lyonnais ha acquistato Yoann Gourcuff dai Girondins de Bordeaux per 22,3 milioni di euro, con un contratto di 5 anni.
Le immobilizzazioni materiali, risultano pari a 19,9 milioni (19,3 nel 2009), con una bassa incidenza sul totale delle attività 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 standard criteria 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 that the activity of investimento, da sola, ha drenato 42 milioni di liquidità.
Il Patrimonio Netto è positivo per 130,8 milioni, ma risulta diminuito di 37 milioni a causa della perdita di esercizio 2009/10 e della distribuzione del dividendo relativo all’esercizio precedente. I dividendi distribuiti agli azionisti nel corso dell’esercizio 2009/2010 (per l'esercizio 2008/2009) sono stati pari a 1,8 milioni di euro, ossia 0,14 € per azione. Ovviamente un patrimonio netto di questa entità, che copre il 46,16% del totale delle attività, è un dato conforme ai fini del regolamento del fair play finanziario. A testimonianza di ciò, la posizione finanziaria netta di “OL Groupe” è addirittura positiva per 50 mila euro, anche se in forte riduzione rispetto alla posizione finanziaria netta dell’esercizio precedente positiva per 88,9 milioni di euro. Da questo punto di vista, ricordando che il fair play finanziario permette un indebitamento finanziario netto nei limiti dei ricavi annuali, l’OL Groupe ha ampi margini di manovra.
Le passività non correnti si riducono da 46,2 milioni del 30/06/2009 a 41,5 milioni di euro, mentre le passività correnti aumentano da 85,6 a 111 milioni di euro.
Tra le passività non correnti spiccano i debiti finanziari per 25,4 milioni (35,9 nel 2009) e i debiti per l’acquisto dei calciatori per 15,4 milioni (7,4 nel 2009)
L’importo maggiore delle passività Current debts relates to 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) on a web Montout area of \u200b\u200b50 hectares, with the aim of including the "Grand Stade" between the stadiums of EURO 2016, in view of the French bid for the soccer event.
In 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 the 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, maggioranza dei membri della “Communauté Urbane” di Lione si è pronunciata di nuovo in modo favorevole per avviare una nuova revisione del piano regolatore, entro il 2011.
La designazione della Francia come organizzatore di “Euro 2016” e un decreto ministeriale che riconosce l'interesse generale del progetto, unitamente ad una legge speciale “Euro 2016”, possono facilitare l’iter del nuovo stadio che rientra nei dodici selezionati per la manifestazione dell’UEFA.
Per quanto riguarda la progettazione, l'Olympique Lyonnais ha portato a termine la fase preliminare di progettazione del nuovo stadio (AVP) in collaborazione con “Buffi & Associates” e lo studio di architettura “Populous”. La data proposta per la consegna dello stadio è dicembre 2013.
L’Olympique Lyonnais è una società che ha lavorato molto bene, nel corso degli anni, con le “plusvalenze”, da Essien a Benzema. Tale è l’abitudine a realizzare plusvalenze, che gli amministratori hanno stimato in 74,2 milioni di euro le plusvalenze potenziali, al 30/06/2010, derivanti dalla cessione della rosa calciatori. L’esercizio 2009/10 presenta come unico neo ai fini del fair play finanziario un rapporto tra costi del personale e ricavi superiore al 70%. La perdita dell’esercizio, considerando la somma algebrica dei risultati dell’ultimo triennio, si riduce a 9,7 milioni, within the limits of the transitional period.
Luca Marotta
Published on: www.ju29ro.it
0 comments:
Post a Comment