Olympique Lyon shares rise after Mendy sold to Real Madrid

Olympique Lyon shares rise after Mendy sold to Real Madrid

Olympique Lyonnais' shares rose on Thursday after the French soccer club sold left-back Ferland Mendy to Real Madrid for some 48 million euros (£42.7 million).

FILE PHOTO: Ligue 1 - Olympique Lyonnais v Caen
FILE PHOTO: Soccer Football - Ligue 1 - Olympique Lyonnais v Caen - Groupama Stadium, Lyon, France - May 18, 2019 Lyon's Ferland Mendy in action with Caen's Frederic Guilbert REUTERS/Emmanuel Foudrot

PARIS: Olympique Lyonnais' shares rose on Thursday after the French soccer club sold left-back Ferland Mendy to Real Madrid for some 48 million euros (£42.7 million).

Olympique Lyon shares were up by around 1per cent in early session trading.

Real Madrid will pay an initial 48 million euros for Mendy with a possible further 5 million euros in incentive payments.

(Reporting by Sudip Kar-Gupta; Editing by Keith Weir)

Source: Reuters

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