Football: Spanish FA denounces La Liga's proposed €2.7b CVC deal as raising inequality
The Straits Times - Sports·2021-08-11 21:01
(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.
The Spanish football league last week said CVC would inject €2.7 billion (S$4.3 billion) into La Liga in exchange for 10 per cent of its revenue and a 10 per cent stake in most of its business, with 90 per cent of that financial injection going to clubs.
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