Yahoo Sports LFP president Vincent Labrune cuts salary by 30%
According to a report by L’Équipe, Vincent Labrune, president of the Ligue de Football Professionnel (LFP), has agreed to reduce his salary by 30%.
Labrune had announced following his re-election that he would be cutting his €1.2 million per annum salary, a promise that he looks to be delivering on, although one of his election rivals, Cyril Linette, had promised to cut his salary by 50% if he were elected as president.
Neither of these cuts (either proposed or acted upon) would be in line with what Labrune was previously paid before his wage was raised from €400,000 per year in September 2022, an increase that L’Équipe reported to be a reward for his efforts in bringing in CVC investment and to make the remunerations of the president similar to the other top five European leagues.
This 30% wage cut is thought to be the first symbol for an LFP which will be looking to reduce its operating costs after the disastrous TV rights negotiations for the 2024-29 period, and a similar cut is expected to be incurred by the general director of the LFP, Aranud Rouger (who is reported to earn around €400,000 per year).
The LFP board of directors met earlier this morning (2nd of October), where Jean-Pierre Caillot president of Stade de Reims and a member of the LFP’s board, confirmed Labrune and Rouger’s decision, “Unlike his predecessors, the president is giving up any parachute clause in the future… This clarifies the situation a little. I would like to point out that the general manager really did not have to do it. No one asked him but he did it. Since the example comes from the top, we hope that other high-paid people will have the same vision.”
