Vulture funds hover over French football

It’s better to say it: the Coronavirus crisis, which knocks the hexagonal clubs for lack of revenue (TV rights, marketing or ticketing), lack of matches, is an opportunity to seize. A few days ago, Gérard Lopez, president of a Lille OSC which pointed to the 4e place in the L1 championship before the interruption of all competitions, argued for the constitution of a “war chest”. Paradoxical for the leader of the most indebted club in France. Lopez imagined things like this: mandated by his peers, he would grab his briefcase and go to solicit American investment funds – which he knows, since he has already spoken with them in the past as a leader of the LOSC – to be loaned “Between 300 and 500 million euros repayable at 8% [par an] maturing in three to five years “ as he details in the team. What is not the sea to drink: “Three to four million to be reimbursed for each club per year is acceptable.”

Read alsoTV rights: the great maneuvers in French football

Some of the club bosses have strangled themselves: even if the situation is serious and even critical in some cases, putting their finger in this gear frightens a majority of them. Above all, Lopez (and Lille) are in their eyes a Trojan horse: that of the aforementioned American investment funds, sometimes serving as false noses to Chinese capital with a terrible reputation and who set out to conquer French football. Friday, that is to say the day after the day Lopez spoke in the team to put on, if we understand correctly, the costume of the savior, the Financial times claimed that the Luxembourg leader had contracted upon his arrival in 2017 a loan of 140 million from the Elliott vulture fund, which was particularly illustrated by winning famous legal battles against the Argentine or Peruvian states. The fact that Elliott ran the northern club was known, but the Financial times gave an amount much higher than the figures circulating. Amount which, added to interest rates “Two digits” according to the British daily but who “Would be close to 20%” according to a president of Ligue 1, suggests a risk of default greater than expected, that is to say a takeover of Losc by the bottom.

Read alsoCoronavirus: European football on the brink of a crash

Elliott already owns AC Milan, following a process very precisely following the above scenario. If Lopez refused to answer the Financial times, he dismissed this threat, arguing that Lille sells its players well unlike the Lombard club. Except that the transfer market looks sluggish, global crisis obliges. To speculate on non-reimbursable debts, vulture funds are in their role, even if it is somewhat sinister. Floats in the air the idea of ​​a coup de grace, the coronavirus crisis revealing in the (very) short term The frenzy of many leaders, starting with those who spent in advance the 1.2 billion euros annual TV rights to come – at least before the crisis hits. Friday morning, at the office of the Pro League, the president of the FFF Noël Le Graët spoke out against “Funding acrobats”, also a story to mediate against a Lopez that has been going on for a few days. This is his time, or rather that of those he represents. French football is open-hearted.

Grégory Schneider

.

May 4, 1949: the Torino team decimated in the plane crash

Every week with RetroNews, the BNF press site, a look back at a history of sport as told by the press at the time. This Saturday, the air disaster that decimated the team of the “Grande Torino”, May 4, 1949.

“The players of the best Italian football team are killed in a plane crash near Turin. The 31 passengers are charred ”, title in one Humanity May 5, 1949. The accident took place in the town of Superga, near Turin. “The plane from Portugal found itself in difficulty near the basilica which stands on a height”, informs the newspaper. The altimeter would then have frozen and the aircraft struck the bell tower of the basilica before crashing to the ground and catching fire.

Torino was the breeding ground for the Italian national team, double reigning world champion (1934, 1938) recalls fight. “Torino, Italian champion for the 1947-1948 season, after a long-standing undecided fight with Milan, was poised to win the title again. Among the victims is the Frenchman Emile Bongiorni, several times selected in the French team, who wore the colors of the Italian club since the start of the 1947-1948 season: he was a player whose ardor and passion had made the popularity. “ Another Frenchman, Roger Grava, died in the accident.

Dawn May 6 provides details of the cause of the accident: “The aircraft could not land on the Turin aerodrome made impassable by the recent rains. The plane then headed for Milan, but its disordered altimeter indicated a height of 2,000 meters when in reality it only flew at 600 meters. The poor visibility did not allow the pilot to see the dome of the Church of Superga which he struck at a speed of 400 km / h “ The newspaper focuses on the personality of the two French players who died in the drama. “Bongiorni,” Milo ” [son surnom, ndlr] hid in his great physical means an innate sense of football. Dangerous shooter, he had no equal to shake up a defense. […] The same size, the same power, Roger Grava also distinguished himself by his strong personality, both physical and moral. In Roubaix, his last club, with which he won the French championship in 1947, his services were unanimously appreciated. ”

“All of Italy is grieving after the tragic end of the Turin football team”, title Tonight May 6, 1949. The newspaper collected the testimony of a former “Milo” Bongiorni teammate at Racing, Ernest Vaast. “He was not just a teammate. He was a friend to me. We started racing together in 1942. And together we played for the national team. […] He had signed a two-year contract with Torino, but I know he was doing everything he could to join us again next season. For him, for his memory, we have one more reason to win Sunday against Lille. “ Far from this emotion, the newspaper delivers sordid details on the identification of bodies: “At the Turin morgue, it is difficult to recognize, in these horribly mutilated corpses, the magnificent athletes who, on the green lawns of the stadiums, made so many football enthusiasts vibrate. Relatives parade endlessly in front of the victims in order to identify them, here recognizing an alliance, there an old scar. ”

In its next day edition, Tonight publishes a full page of photos taken at Superga. They bear witness to the violence of the crash with a wing here, the propeller elsewhere, an engine in the outbuildings of the basilica and the grief of those close to the missing (Ossola’s mother, another player’s brother).


Tonight May 8 announced on the front page that the next day, during the final of the French Cup which will oppose them in Lille, “Racing players will mourn in Colombes their former teammate,” Milo “Bongiorni”. A photo shows two players: “After removing their equipment from the club’s headquarters on rue Ampère, Moreel and Vaast attach the black armband that was given to them by the managers on their jerseys.”

fight May 9 announces that the remains of Emile Bongiorni will be returned to Paris the same day. His former Racing teammates paid him homage by winning 5-2 in the Coupe de France final against Lille.

“Yesterday morning, the Parisian sportsmen went to the Parc des princes to pay a last tribute to Bongiorni and Grava whose bodies were exposed under the presidential tribune transformed into a burning chapel, recounts fight May 13. The Racing players taking turns mounted an honor guard around the body of their unfortunate comrade while players from the Italian US surrounded the remains of Grava. “

Seven months after the disaster, Paris Presse-l’Intransigeant from January 13, 1950 title “Superga is fading. Italy will go to Rio by plane. ” Understand: the national team will fly to Brazil to compete in the World Cup of which it is title holder. The calendar did not leave him any other option says the newspaper, “Highlighting the very short time between the end of the Italian championship (May 23) and the start of the World Cup in the first half of June.” The trauma of the Superga crash has not been erased: “However, it has already been established that the trip will be made in several groups.”

Continuation of the story. The Torino reserve team plays the last four games of the 1948-1949 championship and wins the title before Inter. It is the sixth and final coronation of the Grande Torino, as the best Italian team was nicknamed, national champion in 1928, 1943, 1946, 1947, 1948 and 1949, cup winner in 1936 and 1943 before losing its luster. The Torino is slowly waning, a situation all the more cruel as the big local rival, Juventus, is gaining momentum. The club experienced a revival allowing it to offer itself a new Scudetto in 1976. In the 90s, in the grip of big financial difficulties, it made the elevator between first and second divisions. In recent years, Torino FC has not shone or particularly dark, regularly finishing in the middle of the table. The Derby della Mole is a perfect illustration of the chasm that separates the two teams located on the banks of the Po since the Torino have won against the Old Lady only once since 1995. The saying goes, however, that the club of the inhabitants of Turin remains the Torino when Juventus is that of the rest of Italy.

Since the Superga drama, football has also been regularly marked by air disasters that decimate entire teams. In 1958, eight of the “Busby Babes”, the hypertalentent class of Manchester United trained by Matt Busby, die in the plane crash at Munich airport while returning from Belgrade where they qualified for the Champions Club Cup semi-finals. The Danish team, on July 16, 1960, those of the Bolivian club The Strongest, on September 26, 1969, of Tashkent, on August 11, 1979 also paid a heavy price. On December 8, 1987, 43 people including the 16 players from Alianza Lima, one of the most famous Peruvian clubs, perished after their plane crashed into the sea. In 1993, the entire team from Zambia disappeared in the accident of the military plane which took him to Senegal for the World Cup qualifiers. Last collective disaster to date, that which bereaved the Brazilian club Chapecoense, November 28, 2016: 19 players who were going to play the first leg of the Copa Sudamericana in Colombia die, three survive.

Gilles Dhers

.