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Saturday, June 22, 2024

LFP $1.6B Deal with CVC Capital Partners Now Official

  • France’s Ligue de Football Professionnel has agreed to a deal with CVC Capital Partners.
  • The agreement is reportedly for a 13% stake in the company and will facilitate a media rights sale.
Ligue 1/Design: Alex Brooks

France’s Ligue de Football Professionnel has agreed to a deal with CVC Capital Partners. 

The agreement is reportedly for a 13% stake in the company that will facilitate a media rights sale — an allocation worth $1.6 billion — that would bring LFP’s commercial arm valuation up to $12.6 billion.

In meetings last week, both Ligue 1 and Ligue 2 approved a financial distribution system. Though the French governing body didn’t reveal terms, L’Equipe and RMC Sport reported LFP will receive $658 million by July, and that clubs will be split into three distribution tiers:

  • Paris Saint-Germain will receive the largest cut of the investment at about $200 million.
  • Lyon and Marseille will each get slightly under $100 million, while several other clubs, including Nice and Monaco, will receive about $87.7 million.
  • A third tier of clubs will get about $36 million each.

The news comes just a week after exclusive talks between LFP and CVC Capital Partners were reported.

A Similar Deal

This isn’t the first time the private equity firm has dipped into European soccer — it also previously inked a deal with La Liga for $2.3 billion

Three individual teams didn’t react as positively to the news as those in LFP, however. They filed a lawsuit soon after, which remains ongoing.

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