450 million euros for PSG? Ligue 1 offers a billion-dollar deal thanks to the CVC fund
PSG VS FC Girondins de Bordeaux
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France’s Croesus PSG could be even richer over a new Ligue 1 deal.
The French league (LFP) beckons with a windfall in the billions from a possible entry of the international investment company CVC. The main beneficiary would be Paris Saint-Germain, which could collect 450 million euros in the event of a deal.
Like the Spanish sports newspaper AS reported, corresponding negotiations are underway about the entry of the investment fund. Accordingly, CVC wants to invest a total of 1.5 billion euros in the French championship in order to acquire 13 percent of the shares in Ligue 1. The money should be divided among the first division teams.
Ligue 1: does PSG collect significantly more than the competition?
30 percent and thus the largest share should benefit top club PSG. The club in the capital has been benefiting from the millions invested by the Qatar state fund, Qatar Sports Investments, since 2011 and would further cement its supremacy in France with the new deal.
The national competition should also benefit from the CVC entry, but loudly AS the revenues for the second tier clubs from Lille, Marseille, Nice and Lyon are far from what PSG would rake in. Specific numbers were not mentioned in the report. A decision should be made by the end of next week as to whether the French league will complete the deal.
In December, the Spanish league had already signed a deal with former Formula 1 owner CVC. However, the cooperation, which is designed for 50 years and costs two billion euros, caused criticism. Real Madrid, FC Barcelona and Athletic Bilbao have all threatened legal action because the contract undermines current regulations.