“La Liga” clubs agree to investments worth 2.1 billion euros

“La Liga” clubs agree to investments worth 2.1 billion euros
“La Liga” clubs agree to investments worth 2.1 billion euros

Madrid (Reuters)

A source close to the Spanish Football League said that the country’s elite clubs agreed to financial investments worth 2.1 billion euros ($2.37 billion) from private investment company (CVC) in return for obtaining 8.2 percent of the shares of a new company that will take over management. Match broadcast revenue.

This constitutes the first investment agreement between a private investment firm and one of Europe’s major football leagues.

The source explained that during the General Assembly of the League, 37 clubs voted in favor of accepting the deal, while Real Madrid, Barcelona, ​​Athletic Bilbao and Ibiza opposed the deal, and one club abstained from voting.

It was required to support at least 32 clubs out of a total of 42 in the first and second divisions to complete the agreement.

A source close to Real Madrid stated that the club would initiate legal proceedings against the League, as it threatened to do so after announcing its refusal in August.

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