Vincent Labrune (LFP) confirms his salary of 1.2 million euros in front of senators

Vincent Labrune, the president of the Professional Football League, heard Wednesday by the Senate commission of inquiry into the financialization of French football, confirmed that his remuneration had been increased to 1.2 million euros gross annually, an amount validated by its board of directors.

“The board of directors of the League, in this case the club presidents, decided to increase my remuneration to 1.2 million euros gross annually, considering the investment that had been mine, the responsibilities that are mine and the European market benchmark”Labrune told the senators.

Detailing before the commission the agreement which links the LFP to CVC, a Luxembourg investment fund which brought 1.5 billion to French professional football against approximately 13% of its commercial revenues, Vincent Labrune explained on the other hand that his remuneration had not been directly increased by the newly created commercial company, nor by CVC.

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Last Thursday, Jean-Christophe Germani and Edouard Conques, the two directors of CVC in France, were found wanting before this same commission by asserting that Labrune, president of the commercial company – of which CVC is a shareholder – was not paid for this function, while the president of the commission, Senator Michel Savin, presented them with a document indicating that the commercial company covered 50% of Vincent Labrune’s salary.

«I must make one clarification: I am president of the LFP. It is the LFP, a legal entity, which is president of LFP Media. My remuneration is borne entirely and exclusively by the LFP. It is set and validated by the board of directors.Labrune justified himself.

Present at his side, Arnaud Rouger, the general director of the LFP, specified that it would be impossible for the League not to re-invoice the services provided to the commercial company, because this would constitute an abnormal act of management, not in accordance with the eyes. of the tax administration.