French clubs agree on the distribution of the money brought to them by the CVC investment fund

The twenty French football clubs playing in Ligue 1 have reached an agreement “unanimous” for the distribution of the sum of 1.5 billion euros to be provided by the CVC investment fund, against an entry of 13.04% in the capital of the new commercial company to be created by the Professional Football League ( LFP), announced the latter, Thursday, March 24.

Of this sum, 1.130 billion will go directly into the coffers of the clubs. PSG will receive the biggest share: 200 million euros. A second group of six clubs (Marseille, Lyon, Nice, Lille, Rennes and Monaco) will receive at least 80 million euros each (90 million for Marseille and Lyon). The thirteen other clubs will receive 33 million each.

Read also: French football: “the jackpot of discord”

For the rest, 100 million euros will be placed in a reserve fund, 100 million will finance operating costs, and 170 million will be used to repay the loan guaranteed by the State (PGE) paid to help clubs during the pandemic.

The commercial subsidiary must in particular manage television rights. Its creation was made possible by the vote in Parliament of the sports law, on February 24, providing a legislative framework adapted to its project. The LFP, which judges “this essential agreement”considers that it must contribute “to improve in depth all the structures of French football”.

Read also: Television rights: French football in “exclusive negotiations” with the CVC fund for its commercial company

The World with AFP

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