On Friday, UEFA and Ligue 1 side Lille announced an agreement following the club being adjudged to have infringed upon Financial Fair Play regulations.
This came after Lille ran up a deficit of more than €30m over the course of three consecutive seasons and posted losses of €100m in 2018.
LOSC described the settlement as follows: “The financial situation from the 2017/18 season triggered an investigation from the European body and necessitated an agreement between the two parties which the club is satisfied with, judging it to be fair.”
The agreement lasts until the 2023/24 campaign, the date by which LOSC must have balanced their books. As a result, they will face four major restrictions during this period.
Firstly, Lille will have to pay UEFA €9m a year from the money they make in European competition. This is a sum that will come down to €3m the moment that LOSC reaches budgetary equilibrium, should they do so before the 2023/24 season.
LOSC have also agreed not to have a deficit of more than €20m in the 2020/21 campaign, and no more than €10m in the 2021/22 season.
On the sporting side, Lille, over the next two seasons, will only be able to qualify 22 and 23 players in their squads in European competition, compared to the usual 25.
On top of that, Les Dogues have agreed that they will not be allowed, during the 2020-2021 and 2021-2022 seasons, that it cannot, to register newly transferred players in its A list for participation in the European Cups, if the club does not reach a balance of net positive transfer outgoings (in fees) as defined in the settlement agreement.