Lyon president proposes pay cut shares plan against COVID-19 net loss


  • Football
  • Wednesday, 17 Feb 2021

FILE PHOTO: Soccer Football - Olympique Lyonnais Press Conference - Groupama Stadium, Lyon, France - May 28, 2019 Olympique Lyonnais president Jean-Michel Aulas during the press conference REUTERS/Emmanuel Foudrot

PARIS (Reuters) - Olympique Lyonnais president Jean-Michel Aulas said on Wednesday that he asked the team's players to take a 25% pay cut amid the COVID-19 crisis.

In exchange, the players would receive the difference in OL Groupe shares once the pandemic is over, Aulas told a news conference as OL Groupe posted a 50.6-million-euro ($60.90 million) net loss in the first semester of 2020-21.

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