CVC Said to Prep French Football Loan as Clubs Weigh Media Deal

CVC Capital Partners is working to arrange a loan to help French football teams meet their financial obligations in the event they decide to reject a multibillion-euro broadcasting deal, people familiar with the matter said.

Owners of clubs in Ligue 1, France’s top professional football league, will vote Friday on whether to sign up for a broadcasting deal with billionaire Len Blavatnik’s streaming group Dazn Group Ltd.

Dazn has submitted a five-year bid worth about €2 billion ($2.2 billion) for the broadcasting rights for the majority of Ligue 1 games, an offer that’s lower than a previous proposal it ...