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

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(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.

FILE PHOTO: La Liga President Javier Tebas poses before an online interview with Reuters at the La Liga headquarters in Madrid, Spain January 27, 2021. REUTERS/Susana Vera/File Photo/File Photo

La Liga, host to Real Madrid and Barcelona, 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. In a strongly-worded tweet, Tebas suggested that the Spanish FA had not properly studied the proposed CVC deal and said they were quick to criticise La Liga despite remaining silent over the prospect of a breakaway European Super League.

 

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