LaLiga | Madrid and Barça flatly reject the agreement between LaLiga and CVC

CVC agrees to inject 2,700 million euros into LaLiga in exchange for 10% of future profits and to return in 50 years. Real Madrid and Barcelona denounce that they have not been counted on for the agreement and also they had not been notified. Consider that in the long term it would be the ruin for the teams that were in Pirmera and Segunda and that is to many years.

It will also call an assembly of compromise partners to debate the agreement and show the negative impact it would have.

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– This agreement was made without the participation of Real Madrid and without their knowledge and LaLiga has allowed for the first time today that we have limited access to the terms of the agreement.

– The clubs have assigned the audiovisual rights exclusively for their commercialization in competition and for a period of 3 years. This agreement, using a deceptive structure, expropriates from the clubs 10.95% of their audiovisual rights for 50 years and against the law.

– The negotiation has been done without a competitive process and the economic conditions agreed with the CVC fund give it returns of more than 20% per year. It is this same opportunist fund that unsuccessfully tried similar deals with the Italian and German leagues.

– Real Madrid cannot support an operation that gives investors the future of 42 First and Second Division clubs and the future of the clubs that will qualify during these 50 years.

– Real Madrid will convene the assembly of compromise partners to discuss the agreement and the significant capital losses unprecedented in our 119-year history.

Barcelona, ​​for its part, “considers that the operation that has been made public has not been sufficiently contrasted with the clubs (owners of the TV rights); that its amount is not congruent with the years of duration and that part of it is affected. of the audiovisual rights of all the clubs for the next 50 years “.

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