Real Madrid and Barcelona, both faced with LaLiga since the attempt to create the European Super League, and Athletic de Bilbao challenged the entity’s agreement for the sale of ten percent of the capital to the English investment fund CVC Capital Partners.
“Athletic Club, FC Barcelona and Real Madrid CF communicate that they have challenged the agreement adopted by the LaLiga Assembly on August 12, 2021, regarding the operation between LaLiga and CVC,” the clubs communicated in a brief message.
The case was based on the fact that “it violates the provisions of the applicable regulations (and, in particular, among others, Royal Decree-Law 5/2015) and that it was adopted within the framework of a notoriously irregular and disrespectful procedure”.
In the August vote, the agreement was approved but Real Madrid, Barcelona and Athletic de Bilbao, plus a club whose identity was not disclosed, went in the opposite direction and that led to the fact that they will not receive the money to be distributed. In return they will maintain the independence of decisions and budgets.
The first and second division entities will receive an amount of 2,700 million euros (3,168 million dollars) to be distributed, in exchange for the transfer of ten percent of the economic benefits for the exploitation of audiovisual rights, whose management will remain in the hands of the Spanish leaders.
The agreement will be extended for a period of 50 years and determines that the money credited to the institutions will be used up to 15% to cancel liabilities, another 15% for the hiring of footballers, and the remaining 70% for infrastructure growth.
LaLiga later responded with a harsh statement that began: “It is surprising that they challenge something that they still do not know about the end of, and even more so when it was already made clear that these three clubs (FC Barcelona, Real Madrid and Athletic Club) would not see each other. affected economically, only benefited from the growth that LaLiga is going to have in the coming years “.
“The three clubs are challenging something that does not affect them directly, on the contrary, these clubs will benefit from the growth of LaLiga as a competition, making it clear that what they do not want is the expansion and growth of the rest of the clubs,” he continued .
And he deepened with Real Madrid because he opposed “more than 20 judicial decisions related to the projects, agreements and acts of LaLiga derived from the application of Royal Decree-Law 5/2015 and the audiovisual commercialization process”.
The background of the discussion between the two most important clubs and LaLiga, goes through the conditioning of a part of their income from television rights for half a century.
In addition, it drags the differences since both slammed the door to form the frustrated European Super League, behind the backs of their federations and UEFA. a period considered enormous in an industry as fast as football.
In the event that they change their mind, CVC gave the four of them a period of three years to join without penalty.
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