The reactions of Javier Tebas and LaLiga have not been long in coming after the information that points to a new movement by Madrid, Barça and Athletic to convince the rest of the professional clubs with a new alternative proposal to the agreement with CVC.
The president of LaLiga was the first to speak, through social networks, with a message accompanied by several emoticons emulating Pinocchio: “The CVC operation is an investment operation with an industrial partner, not a financing partner, FP knows (Abertis / CVC). Now FP “remembers” the clubs LaLiga (those of the uninteresting matches) and that he ignored when he was preparing the SUPERLIGA “.
The CVC operation is an investment operation with an industrial partner, not a financing partner, FP knows (Abertis / CVC). Now FP “remembers” the clubs @The league, (those of the uninteresting matches) and that he ignored when he was preparing the SUPERLEAGUE🤥🤥https://t.co/JSgoLQaplV
– Javier Tebas Medrano (@Tebasjavier) December 2, 2021
After, it was LaLiga that issued a statement to make your posture face:
“Given the publication by some media of the letter sent by Real Madrid CF, Atlethic Club and FC Barcelona to the rest of the member clubs of the LaLiga General Assembly, in which a hypothetical offer of financing is transferred, at 2.5-3% interest at 25 years, by JP Morgan, Bank of America and HSBC to LaLiga clubs, this association wishes to express:
• Present an offer on the night of December 2, knowing that the Assembly will be on December 10, and knowing the operation from August 12, shows that the intention is to derail a project that jeopardizes your individual goals although for this they have to destroy the collective future of the competition and its clubs.
• The proposed operation, according to the letter, is a collective financing through a loan that presents a significant absence of essential details to understand its viability. Only in a first reading of the financing offer is it surprising that it is impossible for most of the clubs participating in the competition, including FC Barcelona, to comply with it.
• The LaLiga Impulso project is the result of many months of intense work in which all the structural complexities have been resolved, including its fit with the changing universe of participating clubs. LaLiga Momentum is ready to be executed and CVC is ready to begin the transformation. On the contrary, the operation presented in this letter is based on an improvised proposal prepared without the minimum rigor required.
• Trying to establish a comparison with the LaLiga project with CVC is not having understood at all the reality of LaLiga Impulso, which is much more than a financing operation. The objective of the Impulso Project is to incorporate an industrial partner with extensive experience in Spain and in the sports rights sector that contributes long-term capital and proven industrial experience to help LaLiga and its clubs grow globally at a time of great challenges and uncertainties for the industry.
• The companies in which CVC invests have an unrivaled record of operational and business improvement, as is the case with MotoGP, F1, Rugby, Volleyball or Cricket. CVC is a partner with experience in the sector and a broad international presence that will help in the improvement process.
• LaLiga Impulso is not the answer to a liquidity problem for LaLiga clubs, but rather a strategic project to guarantee competitiveness and growth in the medium and long term of the competition and its clubs. As explained, 70% of the funds from the Impulso project will go to long-term value creation projects. CVC will help LaLiga and the clubs – including those not adhered to the project – to optimize the use of these funds, with the aim of increasing the value of the competition in the long term.
• It is surprising that the promoters of the Superliga, which was lethal for the national leagues, show concern for a project that the majority of LaLiga clubs approve and that does not affect them financially. “
