Lyon have issued a new statement unveiling certain contractual details regarding the departure of President Jean-Michel Aulas, who has resigned after 36 years at the helm. It has been revealed that Aulas “has undertaken, as part of the Agreement, to resign from his other functions within the OL Group”.
As part of his exit package, he will receive €10m compensation. Although he will keep the title of honorary president of OL, Aulas will also benefit from certain advantages, including a private box at the stadium, reimbursement of professional expenses related to his activities within the OL Group, and a company car. .
As previously planned, Eagle Football, led by new chairman John Textor, has also committed to buying at least one-third of the shares of OL Group to be issued to Holnest in repayment of its OSRANE (a type of financial instrument), worth 15 million euros.
In a big announcement on Monday, Olympique Lyonnais revealed the departure of its emblematic president. After 36 years at the helm, Aulas has bid farewell to his role as chairman of the board, marking the end of the club’s most successful era.
After guiding the club from the second division to multiple French championships, he had already sold ownership of the Holnest holding company to Eagle Football, owned by John Textor, last December.