Barcelona and Real Madrid receive a precious gift to solve Messi’s...

Barcelona and Real Madrid receive a precious gift to solve Messi’s...
Barcelona and Real Madrid receive a precious gift to solve Messi’s...

The top clubs in Spain, led by Real Madrid and Barcelona, ​​will receive large financial payments under an agreement between the Spanish Football League and a private equity company, worth $ 3.2 billion.

And the Spanish League said in a statement, yesterday, Wednesday, that it had reached a “multi-sided” preliminary agreement with “CVC”, which includes pumping $ 3.2 billion in return for 10 percent of revenues, and the establishment of a new company that includes a group of commercial activities, and it will receive CVC also has 10 percent.

Local media speculated that the deal would help Barcelona solve the problem of renewing the contract of its Argentine top scorer, Lionel Messi, and might provide the necessary money for Real Madrid to sign Kylian Mbappe, the star of Paris Saint-Germain.

But the Spanish League said that clubs will be forced to spend 70 percent of the money they receive on developing infrastructure such as technology, and a maximum of 15 percent of the money can be used to sign a player, and another 15 percent to pay off debts.

At the end of a period of rapid increase in the value of television rights and after a year of no ticket revenue due to restrictions on gatherings amid the “Covid-19” pandemic, the league’s associations, not only in Spain, are looking for alternative sources of profit.

Pressure on top clubs has increased after the failed bid of 12 of Europe’s biggest clubs to establish a breakaway “Super League” earlier this year.

Source: Reuters

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