By Le Figaro with AFP
Published yesterday at 7:18 p.m., Updated yesterday at 8:24 p.m.
On April 4, the Senate will launch a commission of inquiry into the LFP commercial company. FRANCK FIFE / AFP
This Wednesday, the Senate will launch on April 4 a commission of inquiry into the commercial company of the Professional Football League (LFP), created after a partial transfer of capital to the CVC investment fund.
The Senate will launch on April 4 a commission of inquiry into the commercial company of the Professional Football League (LFP), created after a partial transfer of capital to the CVC investment fund, its rapporteur announced on Wednesday.
“The information mission on the intervention of investment funds in French professional football chaired by Laurent Lafon, president of the committee on culture, education, communication, and sport and whose rapporteur is Michel Savin, president of the group for practical sports studies and major sporting events, received the powers of commission of inquiry.indicates the senator in a press release. “She will begin her auditions on April 4”adds Michel Savin. “These hearings will be carried out for a period of maximum six months before the publication of a report”recalls the rapporteur.
“The objective of this mission is to understand the place that investment funds take in the football economy (Clubs and commercial company of the League) and if this new trend will not be detrimental to their economic future”, he explains. It should also be interested in the distribution of this windfall between clubs, contested in court by Le Havre.
The agreement concluded in April 2022 by the LFP with the Luxembourg investment fund CVC Capital Partners should bring 1.5 billion euros to French professional football, compared to 13.04% of its lifetime income for CVC. In recent years, the Senate has increased the number of commissions of inquiry with significant repercussions in the public sphere, from the Benalla affair to the Marianne Fund, including the growing influence of consulting firms in public policies.
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