Spain’s professional football clubs approved La Liga’s plans to sell 10 percent of the Spanish game’s rights to private equity firm CVC Capital Partners, La Liga president Javier Tebas said.
La Liga argues the deal gives clubs funds to spend on new infrastructure and modernisation projects, as well as boost their budgets to recruit new players. By opting out of the deal, Real Madrid and Barcelona will be free to continue with plans for the creation of a European Super League.Barcelona, Real Madrid and Juventus are the last ones standing of the 12 clubs that signed up to the breakaway project in April, only for it to unravel when six Premier League clubs plus Inter Milan, AC Milan and Atletico Madrid withdrew.
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