CVC deal: LFP "cooperating with judicial authorities in complete transparency" after HQ searched

"As it has indicated on several occasions, the Ligue de Football Professionnel is cooperating with the judicial authorities to provide all the information required for the ongoing investigation, in complete transparency," it stated in the afternoon on 05/11/2024.

Earlier in the day, the French daily newspaper L'Equipe revealed that a search was underway at the LFP's headquarters, as well as at the offices of CVC Capital Partners and the home of Vincent Labrune, president of the governing body. An investigation was opened by the National Financial Prosecutor's Office in July 2024 following a complaint from the anti-corruption association AC!, which is questioning the terms of the agreement between the League and the investment fund, starting with the remuneration paid to the intermediaries (the law firm Darrois Villey Maillot Brochier and the investment banks Lazard Frères and Centerview Partners) and to the LFP directors, which could, in its view, give rise to several offences (misappropriation of public funds, active and passive corruption of public officials and illegal…