In this vast economic crisis caused by the coronavirus pandemic that strikes French football, Gérard Lopez is instructed by his peers to put on his savior costume. The boss of Losc, questioned by L'Equipe on the question of the financing of French football in the event that the holders of TV rights decided not to honor their commitments, intends to get hold of a "war chest". In detail, it gives this:
"We have to make a war chest. But not a war chest in a bank that we would not have the right to touch. No, a line of credit, of several hundred million euros, which could be released after a vote by the clubs, in a situation comparable to that of today. A line of credit that would strengthen the League and French football. "
A loan of 300 to 500 million euros
The boss of Losc would like to arm the League with a "parachute", taking the example of the Premier League, whose reaction capacity he considers to be greater than that of France. "The League must create this capacity to react," says Lopez. To do this, it intends to use its network to borrow a sum ranging from 300 to 500 million euros with an interest rate around 8% over a period of three to five years. An operation that Lopez deems relevant even in the event of payments from Canal and beIN. "I think it would be smart for French football to have this ease of financial action no matter what."
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