LDLC Arena

45°46′07″N 4°58′42″E / 45.76861°N 4.97833°E / 45.76861; 4.97833Public transit Décines–OL Vallée
Décines–OL Vallée^[1]OwnerOL GroupeCapacityConcerts: 16,000
Basketball: 12,523ConstructionBroke groundJanuary 2022; 2 years ago (2022-01)OpenedNovember 23, 2023; 4 months ago (2023-11-23)Construction cost€141 millionArchitectPopulousStructural engineerVinci SAServices engineerVinci SATenantsLDLC ASVEL (LNB Pro A) (2023–present)WebsiteOfficial website

LDLC Arena, under a naming contract with sponsor Groupe LDLC [fr], is a multi-purpose indoor arena in Greater Lyon, France. Owned by OL Groupe, the arena opened in November 2023 and is mainly used for sporting events and concerts. It is located near to the Parc Olympique Lyonnais stadium in Décines-Charpieu.

History

Building project

On 7 December 2018, the ASVEL Lyon-Villeurbanne basketball club announced a multi-function arena project, which would notably host LDLC ASVEL matches in the EuroLeague.^[2]

In February 2019, Jean-Michel Aulas, owner and president of Olympique Lyonnais, announced plans to build a multi-purpose hall next to the stadium. It would become another part of the OL Vallée and would accommodate 10,000 to 15,000 people depending on the event. Aulas also stated that discussions were being held with ex-National Basketball Association player Tony Parker, owner of the ASVEL Lyon-Villeurbanne basketball club, about moving from the Astroballe to the new arena.^[3] In June 2019, Aulas and Parker entered into a partnership with OL taking a 25% minority stake in LDLC ASVEL and LDLC ASVEL Féminin, with ASVEL to play its EuroLeague home games in the new arena. The club would continue to play the remaining games in the Astroballe.^[4]

In mid-June 2021, ASVEL Lyon-Villeurbanne was accepted as a shareholder in the EuroLeague with a permanent right to participate with the A license.^[5] To do this, the club needed a venue that met the requirements of the EuroLeague for international games; the Astroballe had only 5,556 seats.

In July 2021, Olympique Lyon awarded the architectural firm Populous and Citinea, a subsidiary of the French construction group Vinci SA, the contract to design and build the multi-purpose hall in Décines-Charpieu, a commune located in the Metropolis of Lyon, France. According to information at the time, the hall would offer 12,000 to 16,000 seats and would be the largest event hall outside of Paris, holding 80 to 120 events per year, such as concerts, sports and esports competitions, seminars, and trade fairs. The two companies were already involved in the design and construction of the Groupama Stadium, which opened in 2016. According to plans, construction with a planned cost of 141 million euros would begin at the end of 2021 and be completed two years later at the end of 2023.^[6][7] In mid-October of that year, the Olympique Lyonnais Groupe signed a multi-year contract with Live Nation Entertainment. The agreement began with construction starting in early 2022.^[8][9]

The name of the multi-purpose hall was presented at the beginning of December 2021. Groupe LDLC, owner of computer and technology stores and sponsor of ASVEL Lyon-Villeurbanne and the e-sports division of Olympique Lyon, would be the title sponsor of the event arena for eight years.^[9]

At the beginning of February 2022, the groundworks that began in January were completed and construction began.^[10] In May of that year, OL Groupe presented a financing plan for the construction of the hall. The group took over the entire financing. The project was supported by the subsidiary OL Vallée Arena. The planned costs of 141 million euros were to be financed through equity capital of 51 million euros and a real estate leasing of 90 million euros. The OL Vallée Arena signed a 15-year amortizing real estate lease agreement with a group of five banks, which provided for a residual value of 20 percent. The first seats in the new hall were presented in a ceremony on 6 September 2022.^[11][12]

The shell construction was completed in February 2023. This was followed by the roofing of the hall. It was scheduled to be closed by the end of March that year. The support structure weighs 1,200t and spans 70m. To achieve a better carbon footprint, the proportion of concrete was reduced by 25 percent compared to the original plan and low-carbon concrete was used. The opening was scheduled for December 15, 2023. LDLC ASVEL was scheduled to play 13 to 17 games in the arena annually.^[13]

As it became known at the end of September 2023, Olympique Lyon intended to give up partial or complete control of the arena. The American entrepreneur John Textor completed the purchase of Olympique Lyon in December 2022 through his holding company Eagle Football Holdings. OL Groupe had a net debt of 321 million euros at the end of 2022, according to its latest annual accounts, which showed a net loss in the first half of 60.7 million euros. Textor wanted to eliminate all debts not related to Groupama Stadium within two years. Olympique made the offer of 40% or full control of the LDLC Arena. In May 2023, the club sold a majority stake in the Olympique Lyonnais women's team to US businesswoman Michele Kang. OL Groupe was also exploring the sale of OL Reign, a women's soccer franchise in Tacoma from the US National Women's Soccer League.^[14]

Events

During a visit to the arena on 12 September 2023, by Xavier Pierrot, deputy general manager of the OL Groupe and responsible for the LDLC Arena, and Tony Parker, the first events in the new arena were announced. On 23 November 2023, the first basketball game was held in the arena, which ended in a 100–101 loss by LDLC ASVEL to FC Bayern Munich after two overtimes, as part of the tenth round of the 2023–24 EuroLeague regular season and was attended by 11,354 spectators.^[15] During the season, a total of eleven games are scheduled to be played in the LDLC Arena.^[16]

Concerts and shows

Comedian and actress Florence Foresti also made her first appearance on stage on November 28. Music artists Sting and Lomepal are scheduled to perform in December of that year. In 2024, more concerts by artists including Calogero, Shaka Ponk, Patrick Bruel, Green Day and Michel Sardou are to follow. It will also host the touring musical Starmania for 6 dates in October 2024.^[17]

Sports events

The American professional wrestling promotion WWE will hold two events at the arena in May 2024. First, an episode of its weekly television program, SmackDown, on 3 May, followed by the pay-per-view (PPV) and livestreaming event, Backlash France, the next night on 4 May. The episode of SmackDown will be the first time for the program to broadcast from France, while Backlash will be the first PPV and livestreaming event hosted in the country.^[18]

Date	Event	Type	Attendants
3 May 2024	WWE SmackDown[19]	Professional wrestling
4 May 2024	Backlash France[19]	Professional wrestling

See also

• List of indoor arenas in France

References

External links

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