Soccer-Spanish FA denounces La Liga's proposed 2.7bln euro CVC investment deal

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Spanish Football Association (RFEF) 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.The Spanish football league last week said CVC would inje

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.

"The RFEF, being aware of the various complaints and comments made by various First and Second Division clubs, has communicated its firm opposition to this agreement," the Spanish FA said in a statement on Wednesday which drew the ire of La Liga president Javier Tebas. "The RFEF finally issues the long-awaited statement on the Superleague... Ah no! About a project that liquidated Spanish football THEY SAY NOTHING," Tebas tweeted https://twitter.com/Tebasjavier/status/1425395545582022658?s=20.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines