PRESS RELEASE

Partnership with Groupama broadened to include naming of OL Academy

Credit agreement signed for construction of OL's training grounds and academy

Lyon, 15 June 2015

 

OL Groupe is pleased to announce that it has signed an expanded 3.5 year partnership agreement with Groupama Rhône-Alpes Auvergne, effective until 31 December 2018. The new partnership now includes the naming of the men's and women's professional training academy, whose construction is scheduled to begin in early September 2015 in Meyzieu, close to the new stadium, with delivery scheduled for the second half of 2016. The agreement also includes the option to name the training grounds.

Following the Board of Directors' decision to build the men's and women's professional training grounds (on the site of the Olympique Lyonnais Park in Décines) and the OL Academy in the adjoining town of Meyzieu, OL Groupe and OL Association signed a credit agreement on 12 June 2015 in the amount of €14 million with Groupama Banque. The 10-year credit facility will be used to partially finance the new training grounds and OL Academy, which could represent a total investment of €22 million. The balance of this investment will be financed using OL Groupe equity.

The construction of these two centres will support OL Groupe's strategy to capitalise on the OL Academy, official supplier of the professional squad. It will also bring together all OL's activities into a single place in an aim to optimise its performance and is in line with our gender parity values.

© Copyright Actusnews Wire

Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com

Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Quelle: Actusnews