Inside CVC’s French League deal – will they continue their spending spree in football?
Alamy
French league body, LFP, and private equity giant CVC last week finalised a league wide private equity deal.
CVC have been seen as an important player in the industry to build structures and governance that can justify higher broadcasting income. What more do they have to offer?
Why it matters: Football leagues and clubs battered by the pandemic and declining broadcast revenues have been desperate for new cash injections and private equity groups have been happy to step in.
The perspective: CVC now hold equity stakes in two of Europe’s big five leagues. Is this the end of league wide private equity deals or still the beginning?
7 April 2022 - 4:16 PM
In the end, private equity groups took two of Europe’s Big Five leagues and a third may still yet come their way.
Finances obliterated by a global pandemic, yet football on the cusp of what is hoped will be a cash boom from new digital streaming technologies, the world’s most popular sport always seemed a good long term bet.
The Premier League was always likely to be off limits: too rich on its own terms to n
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