PARIS (Reuters) -Financial investigators are searching the offices of France’s LFP professional soccer league, sports newspaper L’Equipe reported on Tuesday.
The prosecutors’ office and the LFP did not immediately respond to a request for comment.
L’Equipe reported that the search was part of an investigation into a deal made by the LFP and private equity fund CVC Capital in 2022. CVC Capital acquired a 13% stake worth 1.5 billion euros in the LFP’s newly created media rights business company.
Last week, a report by the French senate said “errors were made in the last years in the management of French professional football”.
“While the long-term usefulness of the CVC deal for the clubs remains to be demonstrated, given the dividend to be paid for life, its interest for the LFP’s management is obvious, immediate and without any future consideration,” Michel Savin, who presided over the senate report, said.
(Reporting by Julien Pretot and Makini Brice;Editing by Sudip Kar-Gupta)
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