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US News Mediapro: A short-term solution for the LFP

23:45  19 october  2020
23:45  19 october  2020 Source:   football365.fr

Big concern for Ligue 1

 Big concern for Ligue 1 © Supplied by Sports.fr The former president of OM is worried about the financial health of Ligue 1. The president of the LFP, Vincent Labrune, does not hide his doubts while he must deal with the financial difficulties of Mediapro, the broadcaster of the championship. Vincent Labrune is having a difficult start to his mandate. The new president of the LFP must manage a financial crisis, amplified by the difficulties of Mediapro, which refuses to pay the TV rights of Ligue 1 .

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While the Mediapro group refused to pay the first installments due in October for TV rights, the LFP found a solution.

The LFP pushes aside the threat! Thanks to a loan requested from an English bank, the proceedings rule out any immediate danger of default or bankruptcy for the clubs. Indeed, according to an indiscretion of RMC, the residents of Ligue 1 and Ligue 2 validated this Monday in the General Assembly of the Professional Football League (LFP) the subscription of a loan whose amount peaks at 120 million. euros. A short-term solution to face the Mediapro debacle, knowing that the LFP had already taken out a loan a few months ago to compensate for the stoppage of matches and to feed club funds and that it plans to inject 50 million euros of its own funds to keep the ship of French football afloat. For how much longer ?

Lockdown, Lockdown light, Wellenbrecher, Plan C - or Shutdown: that's behind the terms .
The term "lockdown" has been making the rounds for months. If the word "shutdown" was also mentioned in the spring, there are now new word creations such as "lockdown light" or "shaft calculator lockdown". But what is actually right? Business Insider explains it: Lockdown: According to the Cambridge Dictionary, the term describes in the original sense a situation in which buildings or areas may not be entered or left. According to Duden, the term can be defined as curfew or closure.

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This is interesting!