in ,

Real Madrid, Barcelona and Athletic launch legal action against LaLiga over CVC deal

At LaLiga’s general assembly on Friday, 37 of the 42 LaLiga clubs approved the agreement to work with global investment firm CVC for the LaLiga Impulso – or Boost LaLiga, in English – project. However, three of the clubs who didn’t vote for the proposal will launch legal action.

These clubs are Real Madrid, Barcelona and Athletic, the three most vocal opponents so far to the agreement for almost two billion euros to be put into LaLiga in exchange for a future percentage of audiovisual rights money.

Athletic Club, Barcelona and Real Madrid hereby inform that legal action has been taken against the agreements adopted by the LaLiga assembly on December 10, which approved the so-called Proyecto Impulso that LaLiga intends to engage in with the private equity fund CVC, on the grounds that this is an illegal transaction which causes irreparable damage to the entire Spanish football industry and which flagrantly violates the most elementary principles of Spanish sports law and LaLiga’s own statutes,” a joint statement from these three clubs said on Wednesday.

The LaLiga and CVC saga, therefore, appears to be far from over.

Report

What do you think?

139 Points
Upvote Downvote

Comments

    Leave a Reply

    Your email address will not be published.