France’s Ligue 1 asks for £173MILLION loan to keep clubs from going under after TV broadcasters refuse to pay their £211m fee following the early cancellation of the football season
- French prime minister Edouard Philippe has cancelled the Ligue 1 campaign
- As a result, television companies have pulled the plug on their 2019-20 deals
- It leaves the bast majority of the French top flight in genuine financial difficulty
Ligue 1 has asked for a £173million loan to prevent clubs going bust after it was revealed as many as 17 clubs are in danger of folding after the 2019-20 season was cancelled.
Canal+ has terminated its TV contract for the season, while beIN Sports has frozen payments since the league was suspended in March.
The decision comes after the announcement made by French prime minister Edouard Philippe on Monday evening that the campaign would not be allowed to resume.