French league to take out €225m loan to help struggling clubs | Malay Mail

📆 5/6/2020 12:32 PM
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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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French League to take out loan due to coronavirus pandemic(Reuters) - The French League (LFP) will take out a state guaranteed loan to pay clubs in its top two tiers the money they would have received from television broadcasts if the season had not been abandoned due to the COVID-19 pandemic, it said on Monday.
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