MADRID, Aug 11 ― The Spanish Football Association has rejected a proposed multibillion-euro investment and revenue-sharing deal between La Liga and private equity firm CVC, saying the deal “increases inequality” and could affect the future of the competition.
La Liga said that the deal, called “Boost La Liga”, would strengthen its clubs and give them funds to spend on new infrastructure and modernisation projects as well as increasing how much they could spend on players’ salaries. “The RFEF also warns that it will not allow the contribution to lower-level football from these audiovisual rights to be reduced during those fifty years.”
Real Madrid said they will launch civil and criminal lawsuits against La Liga president Javier Tebas and CVC Capital Partners’ chief Javier de Jaime Guijarro over the deal.
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