CVC Office Searched in French Football Deal Corruption Probe (2)

French financial prosecutors searched the offices of private equity firm CVC Capital Partners and France’s football governing body on Tuesday as part of an investigation into possible corruption.

The probe follows a complaint filed almost a year ago by anti-corruption association AC !! relating to a deal between the Ligue de Football Professionnel and CVC, according to a justice ministry official.

Under the agreement announced in April 2022, CVC agreed to take a 13% stake in the commercial subsidiary of the league, LFP Media, in return for an investment of €1.5 billion ($1.6 billion) at a time when French ...