On January 30, under the Ligue 1 TV rights agreement for the period 2024-2029 concluded between Dazn and the Professional Football League (LFP), the British platform mentioned here should have been to pay A transfer of 70 million euros. Yes, but here, Dazn, considering herself injured for various reasons, only paid only 35 million euros to the League, sequester the other half of the sum while waiting to find a way out in the dispute.
Faced with this situation which is reminiscent of Fiasco Mediapp, the LFP immediately launched a recovery procedure with the Commercial Court of Paris. A body that this Monday said that the order on the dispute in question would be made on February 28. A relatively short timing that did not prevent the LFP, via an exceptional board of directors held this Monday evening, to trigger its rescue plan.
Provisionally guaranteed cash flow
“” The Board of Directors of the Professional Football League (LFP) decided this evening unanimously to activate its reserve fund without waiting for the decision of the Paris economic activity court concerning the current dispute with Dazn », Can we read in a press release from the League.
“” This decision was made possible thanks to the support of CVC and the exceptional decision taken at the start of the morning by the general meeting of LFP Media to unlock the necessary sums by drawing from its reserve fund. Thanks to this measure, clubs will receive, at the end of the week, the sums they were entitled to wait for them allowing them to face their cash needs. »»
