The club released an official statement on its website announcing the decision. The statement reads:
Just a few days ago, it was reported that La Liga has reached an agreement with CVC to inject $3.2 billion into the league.
It was mentioned that the funds will be shared between clubs in the Spanish top flight to tackle their economic challenges in the wake of the COVID-19 pandemic.
However, Real Madrid and Barcelona opposed the move because it includes an agreement to hand over to CVC 10 percent of La Liga’s revenue and 10 percent stake in most of its business.
Both clubs have come out publicly to clarify their stance.
Real Madrid decision’s influenced by Super League involvement
Another reason why Real Madrid and Barcelona are opposed to the CVC deal has been traced to their commitment to the proposed European Super League movement.
Sources have claimed that accepting the cash injection would mean that they’ll drop their interest in forming the breakway competition.
The two clubs, alongside Italian giants Juventus, continue to fight for the establishment of the Super League despite other founding members having pulled out of the movement.
As it stands, the saga is set to drag on, with the battle promising to get more intense moving forward.
0 votes
title: “Real Madrid Sue La Liga Cvc Over 3.2 Billion Deal Reports” ShowToc: true date: “2023-01-11” author: “Novella Schoonmaker”
The club released an official statement on its website announcing the decision. The statement reads:
Just a few days ago, it was reported that La Liga has reached an agreement with CVC to inject $3.2 billion into the league.
It was mentioned that the funds will be shared between clubs in the Spanish top flight to tackle their economic challenges in the wake of the COVID-19 pandemic.
However, Real Madrid and Barcelona opposed the move because it includes an agreement to hand over to CVC 10 percent of La Liga’s revenue and 10 percent stake in most of its business.
Both clubs have come out publicly to clarify their stance.
Real Madrid decision’s influenced by Super League involvement
Another reason why Real Madrid and Barcelona are opposed to the CVC deal has been traced to their commitment to the proposed European Super League movement.
Sources have claimed that accepting the cash injection would mean that they’ll drop their interest in forming the breakway competition.
The two clubs, alongside Italian giants Juventus, continue to fight for the establishment of the Super League despite other founding members having pulled out of the movement.
As it stands, the saga is set to drag on, with the battle promising to get more intense moving forward.
0 votes
