Private fairness fund CVC Capital has acquired a 13% stake value 1.5 billion euros ($1.65 billion) in Ligue 1’s media rights enterprise, French soccer’s governing physique (LFP) mentioned on Thursday.
LFP mentioned final week it had entered into unique negotiations with CVC to promote a minority stake in a newly created firm that can market the tv and on-line broadcast rights for Ligue 1.
The governing physique added that each one 20 Ligue 1 golf equipment have reached an settlement on the allocation of CVC’s first funding in French soccer however didn’t specify how the quantity can be distributed.
French soccer suffered a blow final yr after the collapse of Spanish media rights company Mediapro, which was speculated to pay 1.2 billion euros a yr to broadcast Ligue 1 matches.
Last yr, CVC struck a 1.994 billion euro funding within the broadcasting and sponsorship rights related to Spain’s LaLiga, marking the primary funding settlement from a non-public fairness agency in a significant European League.
Luxembourg-based CVC has additionally invested in Formula 1, MotoGP and rugby.
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