Ligue 1 side Lyon’s parent company, OL Groupe, has taken on a €92.6m government-guaranteed bank loan, utilising a scheme that has been part of France’s economic recovery plan following the COVID-19 crisis.
This loan is provided by the company’s bank lenders and bondholders and is underwritten by the government. It will be provided over a period of a year, with a 1 to 5-year window to pay it back.
The legal documentation is being drafted and could be signed in July. Funds will be made available immediately after closing.
OL Groupe will also receive €12.9m as part of the LFP government-backed bank loan that the league body has taken out to make up for the fact that Ligue 1 and Ligue 2 clubs missed out on considerable TV rights money following the premature termination of the 2019/20 season.