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  • Sports - Football - Scores & Fixtures
  • Updated: December 15, 2021

Barca, Real, Athletic Take Legal Action Against La Liga, CVC

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Oladimeji Balogun
Oladimeji Balogun

Oladimeji Balogun is a graduate of the University of Ilorin where he studied Microbiology, he is a w...

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Barcelona, Real Madrid and Athletic Club have launched legal action against the deal between LaLiga and the private equity fund CVC Capital Partners.

In a joint statement issued on Wednesday, the clubs confirmed: "Athletic Club, FC Barcelona and Real Madrid report that they have taken legal action in response to the agreements adopted by the LaLiga Assembly in relation to the so-called Impulse Project that LaLiga intends to undertake with the CVC venture capital fund, as it is an illegal transaction that causes irreparable damage to the Spanish football sector as a whole and flagrantly violates the most elementary principles of Spanish sports law and the LaLiga statutes."

On Friday, a majority of 37 out of 42 clubs in Spain's top two tiers voted in favour of the investment agreement, which is worth €2.1billion.

The deal involves LaLiga giving up a percentage of revenue generated from TV rights over the next 50 years, with clubs providing a more immediate financial boost.

The La Liga trio has been embroiled in a war of words with LaLiga president Javier Tebas in recent weeks after describing the CVC deal as potentially "ruinous" for Spanish football.

Barcelona president Joan Laporta previously described the deal as like "mortgaging the club's rights over the next half-century".

 

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Oladimeji Balogun
Oladimeji Balogun

Oladimeji Balogun is a graduate of the University of Ilorin where he studied Microbiology, he is a w...

More From this Author

La Liga Santander 2021/2022 TABLE

La Liga Santander
No Teams P Pts
1 Real Madrid 38 86
2 Barcelona 38 73
3 Atletico Madrid 38 71
4 Sevilla 39 70
5 Real Betis 38 65
Full Table

SPORTS SPOTLIGHT

Barcelona
Barcelona

Futbol Club Barcelona commonly referred to as Barcelona and colloquially known as Barça is a Spanish professional football club base...

Real Madrid
Real Madrid

Real Madrid Club de Fútbol (meaning Royal Madrid Football Club), commonly referred to as Real Madrid, is a Spanish professional football...

Athletic Bilbao
Athletic Bilbao

Athletic Club, also commonly known as Athletic Bilbao, is a Spanish professional football club based in the city of Bilbao in the Ba...

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