FFR To Purchase Stade De France?

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21 November 2018

The Stade de France could be sold to the French Football Federation (FFF) and the French Rugby Federation (FFR) on the grounds that it is costing French taxpayers too much money reports Le Parisien newspaper.

A report by the Court of Auditors, a French administrative court charged with conducting financial audits of public institutions, proposes a more ‘robust and sustainable’ financial model for the stadium than the current concession the French state assigned to Vinci and Bouygues in 1995. The state is believed to have paid the stadium managers a total of €119.5m ($136.5m) for the upkeep of the venue in the absence of a resident club.

The combined FFF and FFR purchase the stadium or a stake in it through a private entity is just one recommendation.

The current arrangement with Vinci and Bouygues expires in 2025 but the proximity of the Paris 2024 Olympics has put the state under pressure to reach a decision about the venue soon. Vinci and Bouygues have proposed a €450m renovation project in exchange for an extension of their lease while the state is believed to favour the €50m renovation listed in the Paris 2024 bid.

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https://www.sportbusiness.com/news/stade-de-france-could-be-sold-to-fff-and-ffr/

 

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