Barça, Madrid and Athletic propose a loan of 2,000 million as an alternative to CVC

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  • They propose financing to the other 39 professional clubs with better financial conditions for the decisive assembly on December 10

  • “The CVC is unfeasible, it does not benefit us, it means more debt and we already have a lot. This is a much better alternative,” says Laporta

The FC Barcelona, ​​Real Madrid and Athletic Bilbao have sent a letter to the First and Second clubs with an alternative plan to the one presented by LaLiga with CVC to inject quick liquidity to professional clubs. The proposal, advanced by several economic newspapers around the world, offers better financing conditions, according to the three clubs, than the British fund, which last August promised to pay 2,000 million for taking 10% of the business during the next 50 years.

The wish of Real Madrid, Barcelona and Athletic is that the other 39 clubs that are part of LaLiga reject CVC’s offer in the decisive assembly that will take place on December 10, in which the presidents of the first and second teams division will carry out the final vote to give the green light to the operation. To LaLiga de Javier Tebas The affirmative vote of 22 clubs is enough for him.

25-year alliance

The alternative offer consists of a loan of a similar amount, about 2,000 million, but it is a 25-year alliance, that is, half the term, with better financial conditions and, as stressed this Friday Joan Laporta, without compromising the television rights of the clubs.

“The CVC thing is unviable, it does not benefit us, it means more debt and we already have a lot. This is a much better alternative. It is a loan of 2000 million from 2.5% to 3.5% in 25 years. It is a sustainable proposal and therefore much better “, has indicated the Barcelona president in TV-3.

“It is an aid in which we agree to improve the situation. We do not say no to CVC for a vice, but because it mortgaged our television rights for 50 years. Now let’s see what the clubs and LaLiga respond,” he added Laporta.

LaLiga’s critical message

And La Liga has not been long in coming. He has quickly issued a very critical statement. “Presenting an offer on the night of December 2 knowing that the Assembly is going to be on December 10, and knowing the operation since last August 12, shows that the intention is to derail a project that endangers its objectives individual, although for this they have to destroy the collective future of the competition and its clubs “, he indicates in a long and detailed statement, recalling that” it is a credit that presents a significant absence of essential details to understand its viability. “

In addition, the body chaired by Javier Tebas emphasizes that the Impulso project “is the result of many months of intense work & rdquor ;, while the proposal of the big clubs” in an operation presented in this letter is based on an improvised proposal elaborated without the minimum rigor enforceable & rdquor ;. Later, the Professional Soccer League (LFP) recalled that the companies in which CVC invests “have an unmatched history of operational and commercial improvement, as is the case with Moto GP, Formula 1, rugby, volleyball or cricket & rdquor ;.

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Historical advisor to Florentino

The Barça, Madrid and Athletic plan is advised by Key Capital Partners, one of Florentino Pérez’s historical advisers. Bank of America, JP Morgan, HSBC, BNP Paribas and Société Générale back the financing, which will be supported by a bond issue, so that banks will not assume risks on their balance sheets, according to Cinco Días. This is an operation similar to the one that Florentino Pérez has already closed to finance the remodeling of the Santiago Bernabéu.



Reference-www.elperiodico.com

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