CVC Capital Partners, a private equity and investment advisory firm, agreed to acquire a 13% stake in Ligue de Football Professionnel, a governing body that runs the professional football leagues in France, for $1.65bn. "This project is a major step in the development of French football and a historic step forward for sport in France. We are delighted with this alliance with CVC, a partner that perfectly fits our project for Ligue 1 and for French professional football. Beyond having chosen the candidate with the best financial offer, we needed a partner who will help us grow our future projects and understands our DNA. CVC's unique expertise in media and sport was also a structuring point for us. In terms of governance and style, CVC will support the LFP, the commercial company and its leaders, who will benefit from its global network, to achieve the ambitious objectives we have set ourselves," Vincent Labrune, LFP President.