LFP Implements Salary Cuts to Mitigate Financial Challenges
In a significant move to address financial constraints, the board of directors of the Professional Football League (LFP) approved a 30% salary reduction for its president, Vincent Labrune, and general director, Arnaud Rouger. This decision was made during a board meeting on Wednesday, as the League seeks to lower its overall payroll by 22.4% for the 2024-2025 financial year.
Since taking office in 2020, Labrune's salary has seen a substantial increase, tripling from 400,000 euros to 1.2 million euros. Following his re-election on September 10, Labrune expressed his commitment to reducing his compensation, which aligns with the League's broader strategy to cut costs amid a significant decline in television revenues, primarily due to changes in contracts with major broadcasters like DAZN and beIN Sports. This decline is expected to impact revenues by around 500 million euros during the 2024-2029 period.
Despite these reductions, the LFP has confirmed that there will be no job protection plan (PSE) implemented alongside the salary cuts. This decision reflects the League's ongoing struggle to adapt to the changing landscape of sports broadcasting and revenue generation.
