The clubs of the first and second levels of the Football League in France will hold a meeting today, Monday, in a general assembly to request a collective loan guaranteed by the state to reduce the burden on its budgets, after the final interruption of the two championships due to the new Corona virus.
It was learned from sources close to the file that the 40 clubs represented in the first and second ranks will present through the League League this proposal, which aims to help it alleviate the financial crisis that it will suffer from at a time when sports activity is at risk of stopping for more than four months, without specifying the value of this loan .
In response to Monday's question, Lyon club president Jean-Michel Olas confirmed to the sports newspaper L'Equipe that this loan is worth 235 million euros, and it matches the losses in TV rights after the tournament stopped, while Radio Monte Carlo indicated that the value of the amount is 162 million euros will be distributed among the clubs.
The state-guaranteed loan program, which was established by the government at the end of March, allows companies facing difficulties due to the "Covid-19" epidemic, to obtain a loan with a guarantee that in the event of non-payment, the state will bear the largest portion of the remaining debt to be repaid. The state has committed to guaranteeing loans amounting to 300 billion euros.
Many clubs that have also benefited from the partial unemployment system since the start of the crisis have previously applied individually for secured loans.

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