Girondins de Bordeaux

The Ligue de Football Professionnel (LFP), which runs the top-tier professional football leagues in France, has voted to obtain a 224.5 million-euro loan from the French state to help out its member clubs, especially those in the elite Ligue 1 division. But even despite this help some clubs are on the brink of going into administration. Mediapart can reveal confidential documents which show the risky nature of the loan arrangement, which the state agreed to without making any solvency checks. As Laurent Mauduit writes, there is a risk that French taxpayers could end up having to pay the bill for the excesses of the football industry.