Jean-Michel Aulas, ousted as president-general manager of Olympique Lyonnais, which was taken over by the holding company that bought the Ligue 1 club in December, will receive compensation of around 24 million euros, AFP reports.
Jean-Michel Aulas will receive €24m after stepping down as Lyon president
When John Textor-led holding company Eagle Football bought the French club for €798m plus a €86m capital increase, it was agreed that Olas would remain as chairman for at least three years.
As a result of the dismissal, Aulas will receive compensation.
The former president-general manager, at the age of 74, will not completely part with Olympique Lyonnais, becoming honorary president, reports News.ro.
Know:
- Jean-Michel Aulas managed the Ligue 1 club for 36 years.
uD83DuDEA8 OFFICIAL! Jean-Michel Aulas will receive 24 million euros in compensation for leaving OL! pic.twitter.com/bjm1nnQ8vg
— Instant Foot ⚽️ (@lnstantFoot) May 11, 2023
❗️Official: Jean-Michel Aulas is leaving Lyon after 36 years.
✨ Sports legend. pic.twitter.com/ZQGCEl19D
— The Madrid Zone (@theMadridZone) May 8, 2023
Source: Hot News
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