It is more than clear that the coronavirus pandemic affected the entire world. That is why one of the most affected entities is France’s Ligue 1, which asked the French Government for help to face the gigantic debts that, if not paid, would lead to bankruptcy of several of its clubs.
The Brazilian Neymar, one of the main stars of Ligue 1. Photo: @PSG_espanol.
This Tuesday, own Professional Soccer League
(LFP) requested an urgent meeting with the Ministries of Economy and Education and Sports, seeking to devise a support plan that reverses a really complicated picture.
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A statement from the LPF assured that losses exceed 1 billion euros so far this season and they must, In its great majority, the termination of the television rights contract with Mediapro and the signing of a new one with Canal +, with revenues well below the recently concluded (about 548 million euros less). Added to this, an austere pass market, the decrease in investment by sponsors and the absence of the public in the stadiums are other factors that exacerbate the crisis.
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Notably the Government had already allocated 100 million euros in November so that the institutions have a break, but everything seems to indicate that they were not enough.
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While the leaders of teams continue to reduce the salaries of their footballers (as they have been doing since the beginning of the pandemic) and lowering the number of employees.
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