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French clubs reach agreement on distribution of CVC funds

Neymar of Paris Saint-Germain holds off Nanitamo Jonathan Ikone of Lille (Photo by Justin Setterfield/Getty Images)

France’s Professional Football League (LFP) has announced that the 20 clubs in the top-tier Ligue 1 have reached an agreement on the distribution of funds from CVC Capital Partners’ proposed investment in its new commercial subsidiary.

Last week, the LFP entered into exclusive negotiations with the private equity firm to sell a stake in its new commercial subsidiary. The deal will see the LFP sell a 13-per-cent share in the planned commercial entity for €1.5bn ($1.65bn), valuing the subsidiary at €11.5bn overall.

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