April 14, 2024

Labrune, the bonus that has people talking

It’s a done deal – 36 of the 38 Ligue 1 and Ligue 2 clubs having endorsed on Thursday the agreement reached between the Ligue de Football Professionnel and the investment fund CVC Capital Partners on the sale ad vitam aeternam of 13 to 15% of the annual revenues generated by French soccer in return for an investment of 1.5 billion euros. A much-needed infusion for clubs in the to…

It’s a done deal – 36 of the 38 Ligue 1 and Ligue 2 clubs having endorsed on Thursday the agreement reached between the Ligue de Football Professionnel and the investment fund CVC Capital Partners on the sale ad vitam aeternam of 13 to 15% of the annual revenues generated by French soccer in return for an investment of 1.5 billion euros. A much-needed infusion for clubs in the top flight and its antechamber, following the dramatic Mediapro and covid 19 episodes.

Although HAC and Paris FC contested the legitimacy and unfairness of such a deal – they are the poor cousins of this agreement, receiving only 1.5 and 3 million euros respectively – Vincent Labrune’s League won the case. And for its president, a handsome bonus of 3 million euros. This bonus, paid directly by CVC Capital Partners, is not attributable to the billion and a half invested.

A higher bonusHAC’s endowment

However, at a time when Vincent Labrune has seen his annual salary triple – from 420,000 euros to 1.2 million euros as boss of the LFP and, newly, of his commercial company – this privilege is sure to provoke chatter and gnashing of teeth. Although crucial, not to say vital, the deal struck with the Luxembourg-based investment fund is more akin to a loan for which French soccer will be eternally indebted than a profitable commercial contract justifying a potential bonus. Some are quick to point out that, with such an agreement, Vincent Labrune gets more at the finish line than Les Havrais.