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.
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Soccer-Spanish FA denounces La Liga's proposed 2.7bln euro CVC investment deal(Reuters) - 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.
Source: staronline - 🏆 4. / 75 Read more »
Soccer-Spanish FA denounces La Liga's proposed 2.7bln euro CVC investment deal(Reuters) - 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.
Source: staronline - 🏆 4. / 75 Read more »
Bursa Malaysia seeks public feedback on enhanced framework for main market advisers | Malay MailKUALA LUMPUR, Aug 11 ― Bursa Malaysia Bhd has issued a consultation paper seeking public feedback on the proposed amendments to the Main Market Listing Requirements in relation to the enhanced framework for Main Market advisers and submission of corporate proposals. The proposed amendments...
Source: malaymail - 🏆 1. / 86 Read more »