PARIS, May 5 ― The French league is to take out a state-guaranteed loan, believed to be worth as much as €225 million (RM1.05 billion), to compensate for lost television income after the decision to bring a premature end to the football season. The 40 clubs in Ligue 1 and Ligue 2 agreed to ask...
The 40 clubs in Ligue 1 and Ligue 2 agreed to ask for the loan at a general assembly yesterday, the Professional Football League said in a statement. — AFP pic
The 40 clubs in Ligue 1 and Ligue 2 agreed to ask for the loan at a general assembly yesterday, the Professional Football League said in a statement. “Thanks to this loan, the LFP will be able to provide clubs in Ligue 1 and Ligue 2 with the remaining sums from the broadcasting rights for the 2019-20 season,” the LFP said.
Paris Saint-Germain were declared champions, with the decision being made after the French Prime Minister, Edouard Philippe, said that the season “cannot restart” as a result of the pandemic which has killed almost 25,000 people in the country.
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