Home » Real Madrid take the league's billion dollar deal to court

Real Madrid take the league's billion dollar deal to court

by alex

Barcelona are also against the league plans and the planned deal with the financial services provider CVC.

Spain’s football record champions Real Madrid are taking to court against the league’s billions-worthy deal with financial services provider CVC. The club announced on Tuesday that civil and criminal proceedings will be initiated against league boss Javier Tebas as well as against the company based in Luxembourg and its managing partner responsible for Spain. That was decided unanimously at a board meeting.

Mega deal

The deal would bring the Primera Division € 2.7 billion. According to reports from Spanish specialist media, around 90 percent of the money from the contract will be distributed among the clubs. The money should also flow into the clubs of women and amateur football, it said. According to this, FC Barcelona can expect a financial injection of around 270 million euros, Real with a good 260 million.

Regardless of the pandemic-related financial problems, Barcelona had previously spoken out against signing the agreement with the former Formula 1 owner CVC. “The deal would mean that we would cede the television rights for half a century. I'm not ready to do that,” said Barca boss Joan Laporta. The highly indebted Catalans had to let Lionel Messi go because of the financial malaise these days.

The 42 clubs in the Spanish first and second division have yet to vote on the agreement. The league announced that, according to the statutes, only a simple majority of the votes was required to accept the project, they would even propose a three-quarters majority. It is certain that at least 33 clubs are in favor, said league director Jose Guerra. At a meeting of the delegates' committee, all 14 members, including representatives from clubs such as Atletico Madrid, Betis Sevilla, Sevilla FC and Real Sociedad, pledged their support for the plans.

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