Friday 17 September 2021
Barcelona, Real Madrid and Athletic Bilbao clubs announced their intention to continue challenging the La Liga agreement with the CVC investment fund.
The Spanish League had concluded a deal with “CVC” worth 2.7 billion euros (17.3 billion dollars), so that the stock company would receive ten percent of the business, while the remaining 90 percent would be directed to helping clubs in the first and second divisions in Spain. While suffering from the effects of the emerging corona virus.
Real Madrid and Barcelona claim that the agreement will significantly affect the audio-visual rights of the clubs in the next 50 years, at a time when Real announced, last month, its intention to take legal measures, including
Actions against Javier Tebas, President of the Association.
The majority agreed to the deal at the La Liga meeting on August 12, while Barcelona, Real Madrid and Athletic Bilbao clubs are still refusing to accept the deal, while the Spanish Football Federation confirmed that the deal is completely illegal.
In a statement published today, Friday, the three clubs expressed their intention to appeal the decision, following what the trio described as “unorganized and disrespectful.”
Tebas, president of the Spanish League, had confirmed that Barcelona could have kept Messi if they agreed to the deal, due to the club’s serious financial problems, as the Argentine star was unable to sign a new contract to move to Paris Saint-Germain.
Tebas confirmed that the “CVC” fund is investing with the aim of developing the Spanish League championship, rather than solving the financial problems of the Spanish clubs.