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French football to lose €192m in ticketing and hospitality revenue

France’s Professional Football League (LFP) stands to lose a projected €192 million due to restrictions on fans attending games.

Lost ticketing revenue will amount to €125 million between July and December this year due to the ongoing restrictions of spectators as a result of Covid-19. A further loss of €67 million of hospitality income was laid out to the French government as part of a compensation request by the LFP.

The numbers include the top two domestic leagues as well as home European fixtures in France, where stadium capacities are limited to 1,000 spectators per game.

The French Football Federation (FFF) have also predicted missing out on €23 million as a result of diminished fan attendance for the French national team and Coupe de France final.

In September, the LFP declared it was seeking more than €100 million from the French government to countervail the ticket revenue losses, as the season commenced with capacities set at 5,000 amid Covid-19 restrictions. Plans to review the possible increase of stadium capacities on October 31 ceased when an attendance cap of 1,000 was introduced on September 25.

French officials are reported to have designated between €100 and €120 million to offset ticket and hospitality losses across all French sports.

Speaking to French publication L’equipe, a government source said: “This is not a full compensation package. It was designed to help those most dependent on ticketing revenue.

“But we are not thinking about excluding anyone and football will be involved. All clubs will receive something, even the biggest, such as PSG (Paris Saint-Germain) or OM (Marseille).”

The LFP took out a government loan of €224.5 million in May in order to pay clubs the lost broadcasting revenues due to be received for the 2019/20 season, which was cancelled in March as a result of the pandemic.

Author: Charlie Farmer

France’s Professional Football League (LFP) stands to lose a projected €192 m due to restrictions on fans attending games.