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French football

Ligue 1 – L1: No protest, French football enjoys pension reform – FRENCH FOOTBALL

by: Adam Smith

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Ligue 1 - L1: No protest, French football enjoys pension reform - FRENCH FOOTBALL 1

While many French are protesting against government pension reform, the world of professional football is not against this project. On the contrary!

To say the least, this pension reform bill is shaking up the country. Many French express their unfavourable opinion through strikes and demonstrations. But for its part, the world of professional football is silent on the subject. And for good reason, the Ligue 1 and Ligue 2 clubs will emerge victorious if the project succeeds. Because under the universal pension scheme desired by the government, all French people paid up to EUR 120,000 gross per year will contribute at a rate of 25.31%.

The economy of professional clubs

For those who exceed this limit, they will contribute only 2.81% and will have to save knowing that this fee will not entitle them to a pension. Professional footballers will obviously be affected, as will clubs that offer them a net salary by paying their expenses. In other words, clubs would benefit from the lowest rate for the wealthiest. This is an estimated saving of between 150,000 and 500,000 euros a year, according to a study by the Institute of Social Protection published by Le Figaro, and denied by Minister of Action and Public Accounts Gerald Darmanin.

« That’s totally untrue. (…) There is, above 120,000 euros of these footballers, a contribution that they will pay and who will pay the pension to 1,000 euros from the farmers, when they will not have the social protection corresponding to their contribution. I saw the article in Le Figaro that took over this institute and unfortunately this study is fake replied to the Minister, aware that this privilege granted to professional football would be a matter of conversation.

Demos

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