The capital club is irritated by the way the Spanish league sneaked in a big cash injection from CVC Capital Partners this week
Real Madrid have expressed opposition to a € 2.7 billion (£ 2.3 billion / $ 3.2 billion) investment deal La La Liga has entered into with private label CVC.
It was announced on Wednesday that CVC Capital Partners has bought a 10% stake in the Spanish top flight.
Madrid say they have not been informed of the deal and claim that some of the provisions are against the law.
What was said?
A statement posted on the club’s website read: ‘This agreement was reached without the involvement or knowledge of Real Madrid, and LaLiga gave us limited access to the terms of the agreement for the first time today.
“The clubs have signed their audiovisual rights exclusively for their sale on a competitive basis for a period of three years. This agreement expropriates by way of deceptive structure 10.95% of the clubs’ audiovisual rights for the next 50 years. , in violation of the law.
“The negotiation was carried out without competitive proceedings and the financial terms agreed with CVC Capital Partners give a return of more than 20% annually. This opportunistic fund is the same as trying to reach similar agreements with the Italian and German leagues. has.
‘Real Madrid cannot support a company that hands over the future of 42 Primera and Segunda División clubs to a group of investors, not to mention the future of the clubs that qualify over the next 50 years.
“Real Madrid will convene the meeting of representative members to discuss the agreement and discuss the significant loss of equity unprecedented in our 119-year history.”
What is the similarity between La Liga and CVC?
La Liga says 90 percent of CVC’s cash injection goes to clubs across the country, with € 100 million for women’s play.
As the teams that perform best in the Spanish top flight, Barcelona and Real Madrid would get the bulk of the money.
According to reports, only 15 percent of the money can be spent on transfers and players’ wages, while the rest is spent on infrastructure.
“There are short-term challenges that urgently need to be addressed and that require a significant financial investment,” said La Liga president Javier Tebas.
‘The strategic agreement with CVC will revolutionize the management model of football clubs and make the competition much more attractive and exciting.
‘There will be better facilities, better players and a better support experience in everything related to clubs.
And it’s all supported by a competitive model that’s more digital, more focused on data generation and analysis, and more international.
“We are laying the groundwork to make La Liga the most beautiful football competition in the world.”