French Football League acquires loan to pay clubs for missing broadcasting payments
5 May 2020
The Ligue de Football Professionnel has taken on a loan of €224.5 million to distribute to clubs in Ligue 1 and 2.
In addition to payments already made by the league's broadcasters, clubs will now receive their usual TV payments in full despite the season having been cancelled.
The Ligue de Football Professionnel (LFP) has acquired a loan of €224.5 million through its bank for distribution to clubs in Ligue 1 and 2 which will make up for the shortfall in broadcasting payments caused by the cancellation of the season.
The LFP in April made the decision to cancel the season, resulting in PSG being crowned champions with 10-11 matches remaining, after French prime minister Edouard Philippe said "big sporting affairs" including professional football would not be allowed to return before September.
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