{"id":4669,"date":"2024-11-23T05:32:36","date_gmt":"2024-11-23T05:32:36","guid":{"rendered":"https:\/\/betwealthsuretips.com\/blog\/the-economic-model-of-french-football-is-dead\/"},"modified":"2024-11-23T05:32:46","modified_gmt":"2024-11-23T05:32:46","slug":"the-economic-model-of-french-football-is-dead","status":"publish","type":"post","link":"https:\/\/betwealthsuretips.com\/blog\/the-economic-model-of-french-football-is-dead\/","title":{"rendered":"&#8220;The Economic Model Of French Football Is Dead&#8221;"},"content":{"rendered":"<div>\n<ul>\n<li>\n<p>EFE<\/p>\n<\/li>\n<\/ul>\n<p><time datetime=\"2024-11-22T23:16:37+01:00\">Updated 11\/22\/2024 23:16 CET<\/time>                     <\/p>\n<\/p><\/div>\n<div>\n<p data-gtm-element-container=\"modulo-texto-link\"><strong>The economic model of French football &#8220;is dead&#8221; after its professional clubs lost 250 million euros last season <\/strong>and the situation is not going to improve, the person responsible for financial control of the league warned L&#8217;\u00c9quipe this Friday.<\/p>\n<p data-gtm-element-container=\"modulo-texto-link\">&#8220;The situation continues to be complicated&#8221; as of June 30 &#8211; the end of last season &#8211; since the clubs accumulated that net loss of 250 million despite the fact that they made &#8220;very good&#8221; sales of 830 million, he noted. <strong>Jean-Paul Mickeler, head of the National Directorate of Control and Management (DNCG), the economic gendarme of the French league.<\/strong><\/p>\n<p data-gtm-element-container=\"modulo-texto-link\">In an interview published online on Friday night, Mickeler stated that the first division clubs lost 150 million last season compared to the second division&#8217;s 100, and warns that <strong>the situation is going to get worse,<\/strong> since the professional clubs received 550 million euros last season from the agreement with the <strong>US investment fund CVC, <\/strong>but this season the amount they will receive for that concept will fall to 136 million.<\/p>\n<p data-gtm-element-container=\"modulo-texto-link\">Television rights are also going to drop a lot, due to the lower interest in the French league among the networks. The head of the DNCG stressed that in recent years the French clubs <strong>&#8220;they have not worked&#8221; on reducing their wage bill.<\/strong><\/p>\n<p data-gtm-element-container=\"modulo-texto-link\"><strong>Among the clubs monitored by UEFA throughout Europe, the wage bill represents an average of 53% of their income, but in France that figure shoots up to 67%.<\/strong> he added. &#8220;When you add to this that domestic (television) rights are less high than in other countries, and a lower capacity to generate complementary income, it is understood that we are facing the end of a model,&#8221; he concluded.<\/p>\n<p data-gtm-element-container=\"modulo-texto-link\">Mickeler recalled that this problem is not exclusively French, since there are <strong>clubs with losses in England, Italy or Spain,<\/strong> but he insists that &#8220;the absolute priority for our clubs between now and May is to lighten their salary masses.&#8221;<\/p>\n<p data-gtm-element-container=\"modulo-texto-link\"><strong>&#8220;The economic model, as it existed, is dead,&#8221;<\/strong> sentence, and gives as an example the success of the modest <strong>Brest,<\/strong> who is having unexpected success in the UEFA Champions League:<strong> &#8220;Money is not everything.&#8221;<\/strong><\/p>\n<p><span>                <span><span>                 <ins data-ad-type=\"roba\" data-ad-device=\"xs\" data-ad-sizes=\"[\"fluid\",[336,280],[300,250],[300,300],[300,600]]\" data-ad-keys=\"{}\" data-ad-lazy=\"true\" data-event-scroll-xs data-name=\"roba\"><\/ins>                 <\/span><\/span><\/span><span data-gtm-element-container=\"modulo-noticias-relacionadas\">      <span>              <span>Read also<\/span><\/span>         <\/span><\/p>\n<p data-gtm-element-container=\"modulo-texto-link\"><strong>The French Professional Football League (LFP) <\/strong>decided last week, after a report from the DNGC,<strong> provisionally relegate historic Lyon to the second division<\/strong> if he does not significantly reduce his salary bill before the end of the season.<\/p>\n<p data-gtm-element-container=\"modulo-texto-link\">Mickeler explained that the DNGC understands that the firm that owns Lyon, the American <strong>Eagle Group<\/strong>has a financial recovery plan, but as long as the planned actions are not carried out (sale of the English Crystal Palace, the group&#8217;s listing in New York and transfers of players) the organization&#8217;s obligation &#8220;is to be skeptical.&#8221;<\/p>\n<p data-gtm-element-container=\"modulo-texto-link\">&#8220;The DNGC only wants one thing: that <strong>John Textor (<\/strong>owner of the club) complete these important operations and that we can annul this relegation in our next hearing,&#8221; he stressed. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EFE Updated 11\/22\/2024 23:16 CET The economic model of French football &#8220;is dead&#8221; after&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[33],"tags":[],"class_list":["post-4669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-la-liga-transfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - 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