The LFP will contract a bank loan to pay the clubs TV rights

Vincent Labrune was surely hoping for a cooler start to his mandate at the head of ola LFP.

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French football is in full swing.

The LFP was quick to react to threats from Mediapro, which did not pay by the due date (Monday) the deadline for 172 million euros in TV rights that it owed it and asked for a postponement of said payment.

Indeed, according to information from

, the body decided to request a bank loan in order to pay the clubs the amounts they are all impatiently waiting for.

Will Mediapro cause an industrial disaster in Ligue 1?

via @ 20minutesSport https://t.co/XR9QkJ1jr4

- 20 Minutes Sport (@ 20minutesSport) October 8, 2020

Prospecting in progress

The LFP is currently in the process of prospecting with several banking establishments and Vincent Labrune, the new boss of French football, would have announced to the clubs to be confident in this quest for cash.

A loan to reimburse the shortfall in unaffected TV rights offset by a loan taken out during confinement provided by ultimately unaffected TV rights.

And vice versa

🎶 But you say, that happiness is inaccessible 🎶 https://t.co/C0Vp05JYZI

- Pierre Rondeau (@Lasciencedufoot) October 9, 2020

As a reminder, and this is where the affair would have something to smile about if it were not to cry, the Professional Football League had already contracted in May a first loan guaranteed by the State of 224.5 million d 'euros.

Loan whose repayment over four years was to be financed among other things by… Drum roll… the famous phantom payment of television rights.

Fo-mi-da-ble.

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• Sport

• TV rights

• Mediapro

• League 1

• Soccer

• LFP