French football seeks 1.5 billion to revive

Four investors filed offers on Wednesday with the Professional Football League (LFP).

Who to save French football? In search of fresh money for its clubs, Ligue 1 hopes to attract international investors. It has decided to create a commercial subsidiary, intended to manage and market its TV, marketing, naming rights, etc. The LFP is authorized to sell up to 20% of the capital of this company. On Wednesday, four investment funds submitted offers to the Professional Football League (LFP): the English CVC, which acquired 8% of the Spanish Liga for some 2 billion euros, the American Oaktree, shareholder majority of the Caen club in L2, Silver Lake, holder of 10% of Manchester City against a check for 500 million dollars, and finally Hellman & Friedman, ex-investor in Formula 1.

The offers would value a minority stake of 10% to 15% of the new subsidiary at around 1.5 billion euros. This brings out a value of the commercial company between 10 and 15 billion euros. The successful investor…

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