(News Bulletin 247) – Olympique Lyonnais announced Thursday that it had undertaken to file appeals against the interim measures obtained by its former CEO, Jean-Michel Aulas, on its bank accounts.
In a press release, the football club says it firmly contests the decision rendered yesterday by the Commercial Court of Lyon, which led to the freezing of more than 14.5 million euros of its assets.
The group denounces an attack “as violent as it is illegitimate” on the part of its former president, who also remains a shareholder and director of the company.
He considers as such that the former leader had a “perfect knowledge of the extremely harmful nature” of his actions.
The dispute originates, according to OL, in the fact that Jean-Michel Aulas claims to have a claim against the company for the purchase price of one third of its OL Groupe shares.
The club recalls that the buyback of these shares, provided for in the transactional protocol, was subject to its approval at a general meeting, but also to the agreement of the group’s lenders, which was not obtained.
Under these conditions, the group considers that it was impossible for it to proceed with the repurchase of these shares, without jeopardizing the company.
After an opening up 3.6%, the title turned down during the morning and now shows a decline of around 0.5%.
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