Partner of the CVC investment fund, which obtained 13% of the shares in its commercial company, the Professional Football League made a bad deal. This is indeed the opinion of Christophe Bouchet, worried about Olympique de Marseille and the other Ligue 1 clubs.
The agreement dates back to April 2022. In a difficult financial context, the Professional Football League proudly announced its collaboration with CVC Capital Partners. For 1.5 billion euros, the investment fund acquired 13% of the shares of the LFP commercial company for life. An interesting deal for Ligue 1 clubs at first glance. But Christophe Bouchet sees this as manipulation by the president of the body, Vincent Labrune.
After the Mediapro fiasco, the LFP swore that it would not be caught again. And yet, it seems that the French professional football body has once again been screwed… pic.twitter.com/f78cR1BnDw
— SO FOOT (@sofoot) November 16, 2023
« He promised them 1.5 billion euros in cash, as if it were painless. He told them, “It’s either that or chaos.” He acted like a sort of gurudenounced the former president of Olympique de Marseille in an interview with So Foot. (…) It’s not a bad thing, it’s a very bad thing. The clubs needed refinancing following the health crisis and the end of Mediapro, but they went about it in the worst possible way. »
« The LFP forced them to find 1.5 billion euros by calling on a fund which takes an extremely high commission. While it would have been enough, basically, to borrow from banksregretted Christophe Bouchet. The difference is enormous: with a traditional loan, at the rates of the time, it would have cost, over ten years, around 250 million euros in interest in total. There, it will cost 280 million euros per year, and for life! » For the journalist, the clubs are losing, starting with the most popular. “ Whether we like it or not, Marseille represents, with Paris, two thirds of the economic value of the championship “, he estimated.
OM injured in the distribution
« PSG will only receive 200 million euros, but with extremely strong compensation, in particular remuneration linked to international rights. OM will only have 90 million euros. It’s as much as Lyon, barely more than Rennes and Nice (80 million euros, editor’s note). However, the economic value of the championship owes nothing to these clubs, or very little. It’s a mystery to see them in the same group as Marseille, who should have received at least 200 million euros. The question also applies to Nantes, for example, which accepted the same amount as Clermont », Compared Christophe Bouchet, angry against Vincent Labrune.
2023-11-17 21:00:55
#Foot #scammed #Christophe #Bouchet #accuses
