francetvinfo.fr

Investigations Unfold at Ligue de Football Professionnel Amid Fund Mismanagement Claims

On November 5, police conducted raids at the Ligue de Football Professionnel (LFP) headquarters in Paris, due to an ongoing investigation launched in February 2024 regarding alleged ‘misappropriation of public funds.’ Led by the national financial prosecutor, the inquiry focuses on the LFP’s 2022 sale of 13% of French football broadcasting rights to CVC Capital Partners for €1.5 billion. This follows a critical senate report condemning the LFP’s short-term financial strategies. Concerns about potential personal financial gains for LFP officials, including a controversial €3 million bonus for LFP president Vincent Labrune, have emerged.

Source

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *