the clubs will receive a nice check next July!
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The LFP took a big step towards the creation of its commercial company by entering, last Friday, into exclusive negotiations with the CVC fund. The League will receive a total of 1.5 billion (by selling 13% of its commercial subsidiary), part of which this summer.
According to RMC Sport, the payment of this money over three years will be distributed as follows: 40% in 2022, 30% in 2023 and 30% in 2024. The LFP will therefore collect 600 million euros this summer. The discussions, for the distribution between clubs, would have already succeeded.
A general meeting of the LFP, scheduled for April 1, must validate the entire process.
🔴 Info RMC Sport – Thanks to the deal with CVC Capital Partners being finalized, the LFP will collect 600 million euros in July.
Allocation discussions are ongoing with club presidents.
– RMC Sport (@RMCsport) March 22, 2022
to summarize
A few days ago, the LFP announced discussions for a deal with CVC Capital Partners. With the deal nearly done, the clubs are set to cash in on a nice check this summer. Indeed, the LFP will distribute 600 million euros.