A scandal broke out this Tuesday morning in France when the home of Frenchman Javier Tebas, Vincent Labrune, was searched after being investigated for misappropriation of 37.5 million euros from the competition agreement French with HVAC. An embarrassment which shook French football at all levels.
The house of the president of the LFP (Professional Football League), the equivalent of Javier Tebas in France, was searched this Monday morning. The headquarters of the French competition itself was also recorded. Vincent Labrune is the subject of an investigation for embezzlement of 37.5 million euros in commissions. Leaders of the French League, bankers and legal advisers are also under investigation.
A scandal which exploded this Tuesday and was revealed in France by the French newspaper L’Equipe. The French anti-corruption association filed a complaint to question the conditions under which the LFP signed the agreement with CVC.
An agreement of 1.5 billion euros in exchange for 13% of the ordinary income of Ligue 1. An agreement with CVC which should be remembered was also signed by the Spanish League of Javier Tebas. His counterpart in France, Vincent Labrun, allegedly embezzled three million euros in commissions on this agreement. A fact which is the subject of an investigation with the consequent search of his home.
“The National Financial Prosecutor’s Office (PNF) began a search of the LFP this Tuesday morning, as part of the investigation opened after a complaint from the anti-corruption association which refers in particular to the conditions of the agreement concluded with CVC “, they emphasize. from France on Tuesday.
This scandal broke out in France a few days after the publication of the French Senate’s report on the intervention of investment funds in French professional football.
The Professional Football League does not have a media break. A few days after the publication of the Senate report on the intervention of investment funds in French professional football, the National Financial Prosecutor’s Office (PNF) changed course. The investigation against the LFP which shook up French football was opened on July 16, 2024, “due to accusations of embezzlement of public funds, active and passive corruption of public officials and illegal taking of interests, according to a judicial source. they explain from the neighboring country.
In France, it is also emphasized that “during the negotiations between CVC and the LFP, it was planned that the bankers and lawyers who advised the LFP would be remunerated once the deal was completed. An allocation of 37.5 million euros had been planned , 12 million for each of the two banks which participated in the negotiations, 5 million euros for the law firm as performance commissions. It was also decided to grant 8.5 million bonuses to the leaders of the League. , of which Vincent Labrune retained the majority “The investigators will have to specify how this envelope was distributed, when exactly the bonuses were decided and on whose initiative.”
