April 14, 2024

OM, the obvious theft denounced

With the exception of HAC and Paris FC, all the current players in Ligue 1 and Ligue 2 have recently ratified the agreement reached between the LFP and the CVC investment fund to sell 13.04% of the capital of the League’s newly-created commercial company for 1.5 billion euros. In return for this sum, which will be divided among the elite – 200 million euros for PSG, 90 million fo…

With the exception of HAC and Paris FC, all the current players in Ligue 1 and Ligue 2 have recently ratified the agreement reached between the LFP and the CVC investment fund to sell 13.04% of the capital of the League’s newly-created commercial company for 1.5 billion euros. In return for this sum, which will be divided among the elite – 200 million euros for PSG, 90 million for Marseille and Lyon, 80 million for Monaco, Rennes, Nice and Lille, and 33 million for the other L1 teams – CVC will receive 13% of the revenues generated by French soccer each year, ad vitam aeternam. A bagatelshould never have signed such a deal. The economic value of the French championship is two-thirds, maybe even three-quarters, linked to OM and PSG. After all, OM has been getting ripped off for several decades now, asserted the man who managed the club from 2002 to 2004, in an interview with La Provence.

L’OM détroussé?

In 2003, we took the TV rights and divided them by 20. […] Now, 20 years later, we make a deal with a fund, divide the money and OM gets the same as Rennes and Nice. I can’t understand how OM agreed to be robbed like that. […] OM should have been paid at least three times what the club would have received […].