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QuickTake

OL president Aulas has offered shares to players in exchange for a 25% cut in pay

22 Mar 21

After a 222% fall in last 6 months’ profits to an operating loss of €43.4 million, Olympique Lyonnais president Jean-Michel has proposed a temporary 25% salary reduction for players earning above €50,000 per month.

Players would be compensated with shares in OL Groupe, the club’s parent company, whose share price stood at €2.08 on Friday, down 28% from January 2020 (pre-Covid-19 impact). Shares are 83% down on their all-time high of €12.47 in November 2007.