The boss of the LFP is one of the big winners of the deal concluded with the investment fund CVC Capital Partners.
The matter is well and truly understood – 36 of the 38 Ligue 1 and Ligue 2 clubs having endorsed on Thursday the agreement concluded between the Professional Football League and the investment fund CVC Capital Partners regarding the ad vitam aeternam transfer of 13 to 15% of the annual revenue generated by French football in exchange for an investment of 1.5 billion euros. A necessary infusion for the elite clubs and their antechamber after the dramatic Mediapro and covid 19 episodes.
The HAC and Paris FC may well have contested the legitimacy and unfairness of such a deal – they the poor parents of this agreement granting them barely 1.5 and 3 million euros respectively – the League of Vincent Labrune was successful. With its president generating a nice bonus of 3 million euros linked to this outcome. A premium directly assumed by CVC Capital Partners which is therefore not attributable to the billion and a half invested.
A bonus higher than the HAC allocation
However, while Vincent Labrune saw his annual salary triple – from 420,000 euros to 1.2 million euros as boss of the LFP and, recently, of his commercial company – this privilege granted does not fail to make chatter and gnash their teeth. Certainly crucial, if not vital, the deal thus concluded with the investment fund based in Luxembourg is more akin to a loan for which French football will be eternally indebted than to a profitable commercial contract justifying a possible bonus. Some do not fail to point out that with such an agreement, Vincent Labrune receives more at the finish than Le Havre.
