BREAKING: LaLiga's deal with CVC approved with Madrid, Barça and Athletic against it

There is already a final decision after the Club assembly held this Thursday in LaLiga. The clubs have decided, with the exception of four of them, to go ahead with the agreement with the CVC Investment Fund, which will be able to profit from 10.95% of the audiovisual rights of these teams for the next 50 years.

According to 'El Partidazo de COPE', LaLiga has approved the multi-million dollar deal thanks to the votes in favour of 38 clubs and the opposition of Real Madrid, Barcelona, Athletic and an unnamed second division club.

The total deal includes a financial backing of 2.7 billion euros, at a key moment for LaLiga clubs following the impact of the COVID-19 pandemic. Those who voted against are left out of the deal.

For the rest of the clubs in both LaLiga and Second Division that give their 'yes' to the operation, they will receive the funds corresponding to each one transferred in the form of a 40-year soft loan with a 0% interest rate, so the tax hit would be less in this way.

 

August 12, 2021

According to Real Madrid, this agreement is "against the law" and, for this reason, the white club denounced Javier Tebas, president of LaLiga, CVC Capital Partners and its head in Spain, Jaime Guijarro.

Real Madrid and Barcelona's money in this agreement will be frozen for three years in case they reverse their decision. In addition, it is worth remembering that 70% of the total amount will go to infrastructure investments, while the remaining 30% (15 and 15) will go to refinance debt and offset losses, as well as to increase the salary cap for the workforce.

The meeting started at around 10.30 a.m. and went on for around six hours, with at least 32 clubs required to vote yes for the deal to go ahead. Villarreal were the only club not to attend due to Wednesday's European Super Cup tie against Chelsea.