Barça, Madrid and Athletic take legal action against LaLiga’s agreement with CVC

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The battle continues. Last Friday, LaLiga approved the agreement with CVC with the vote against four teams (Barça, Madrid, Athletic and Ibiza, which joined at the last minute). And three of those clubs have decided to take “legal action” against the pact signed by the Spanish football association, which they chair Javier Tebas.

In a joint statement, both Barça, Madrid and Athletic believe that this agreement with CVC, a venture capital fund, “is an illegal transaction that causes irreparable damage to the entire Spanish football sector.”

That agreement was approved by the LaLiga General Assembly with an overwhelming majority: 37 votes in favor, 4 against and one abstention. This is how Tebas received the official endorsement to activate the ‘LaLiga Impulso’ project, in which the British fund CVC Capital Partners will inject 1.99 billion euros in exchange for 9% of the audiovisual rights generated by the competition over the next 50 years.

To begin with, the first CVC payment to the LIga clubs will take place this same month of December, with 40% of the money allocated to each of them. And the rest, broken down into three installments of 20%, will be in June 2022, 2023 and 2024.

But three clubs that are not Sports Public Limited Companies (only Osasuna is missing) consider that the contract signed by the body that presides Thebes “It flagrantly violates the most elementary principles of Spanish sports law and the La Liga statutes.” And now they transfer the case to the judicial framework.

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Barça, Madrid and Athletic have the support of Luis Rubiales, the president of the Spanish football federation (FEF), who called the agreement signed by Tebas “unethical”, whom he accused of having taken advantage of “the desperation of the clubs”.



Reference-www.elperiodico.com

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