‘Overall, Ligue 1 is Unprofitable’ – A Detailed Explainer of French Football Finances | OneFootball

Not all Twitter threads are created equal and this one from blogger Swiss Ramble is an absolute gem.

If you have even a remote interest in French football and the financial aspect of the game, I highly recommend you put a pot of coffee on and you sit down and study each one of the 37 tweets.

Essentially, the Twitter explainer outlines the fact that while the majority of Ligue 1 teams are profitable, the league as a whole is unprofitable to the tune of €126 million in 2018-19.

As you would imagine, given their financial muscle, Paris Saint-Germain featured prominently in the thread where the numbers showed that they recorded a profit from player sales, led the way in broadcasting revenue, and had the highest sponsorship and advertising revenue in Ligue 1.

The thread concludes by stating that while a few clubs may be in a bit of financial trouble, most have low debt and are self-sustaining businesses.

However, as with many businesses around the world, the loss in revenue from the coronavirus has put Ligue 1 and Ligue 2 teams in a financial pinch, which is why the Ligue de Football Professionnel (LFP) will seek a government-guaranteed loan of €224.5 million to make up for the loss of revenue after broadcasters Canal Plus and beIN Sports terminated their media rights contract due to the cancelation of the 2019-20 domestic season.

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