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Real Madrid and Barcelona intends to sue La Liga over the €2 billion CVC agreement

La Liga has won the latest battle after 37 of the league's 42 clubs voted to approve a €2 billion partnership with private equity firm CVC Capital Partners. However, the war at the heart of Spanish football has intensified, with Real Madrid, Barcelona, and Athletic Club threatening to sue to overturn the decision.

After a week of tension and allegations involving the three teams, two of which cling to the breakaway super league project, and the Spanish league's president, Javier Tebas, the contract with CVC was accepted in La Liga's general assembly on Friday.

After beating Chelsea in May 2021, Alexia Putellas celebrates with her teammates by lifting the Champions League trophy.

After winning the Women's Champions League, Barcelona has a stranglehold on the top 100.

CVC will invest €1.994 billion in Spanish football in exchange for an 8.2 percent stake in a company that will manage the league's television rights for the next 50 years, according to the terms of the deal, which were announced in August – though CVC has admitted it will likely sell within a decade.

The deal was expected to be worth €2.7 billion, but clubs who did not wish to take part were offered the option of opting out. In the summer, Madrid, Barcelona, and Athletic all expressed disagreement, with Barcelona's president, Joan Laporta, turning down the proposal despite being offered with it as a way to re-sign Lionel Messi. In the coming weeks, clubs will be able to access the first €400 million tranche, with 70% of the money authorized to be spent on infrastructure, 15% on debt servicing, and 15% on player signings.

To pass it, a two-thirds majority was required. One club abstained, while four clubs voted no, with Ibiza, a second division rookie, being the fourth. The Spanish Football Federation, which has been at odds with La Liga for a long time, has backed Madrid, Barcelona, and Athletic in their fight. Those clubs had asked the government's sports council to intervene and promised to use all legal means at their disposal to stop the arrangement.

The CVC transaction had been branded "ruinous" for Spanish football by Madrid, Barcelona, and Athletic, who claimed it amounted to "mortgaging" the teams' futures. The three denied that CVC would be an active partner in the new company, assisting La Liga in strategy development, stating that the fund would only be "investors." The trio announced a new source of money for the league's clubs this week, stating that the terms were 15 times more cost-effective.

This unleashed a firestorm of increasingly venomous open letters. Tebas viewed the offer to act on "behalf" of all clubs as cynicism, despite the fact that the offer came so close to being accepted. He claimed the concept was unworkable, noting that the backers were the same financial institutions who had backed the Super League. He mockingly referred to Real Madrid president Florentino Pérez and his Super League partners as football's "saviors." "Their only purpose is to sabotage a project that jeopardizes their own personal goals, even if it means damaging the clubs' collective and competitive future he stated in an open letter.

Madrid and its partners responded with an open letter calling for a "structural reform of Spanish football" and pledging to fight the CVC arrangement in court.

Source: https://

Real Madrid and Barcelona plan legal action against La Liga’s €2bn CVC deal

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Alexia Putellas CVC Javier Tebas La Liga Real Madrid


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