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French soccer's ruling body seals CVC investment deal

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PARIS (Reuters) - LFP, the ruling body of French soccer, confirmed on Friday an investment deal with private equity firm CVC Capital Partners and added it had also set up a new commercial subsidiary.

Last month, CVC acquired a 13% stake worth 1.5 billion euros in the media rights business of France's Ligue 1, the top flight division that hosts clubs such as Paris Saint Germain , Olympique Marseille and Lyon.

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