Soccer-Spanish FA denounces La Liga's proposed 2.7bln euro CVC investment deal

Soccer-Spanish FA denounces La Liga's proposed 2.7bln euro CVC investment deal

The Star Online - Sport·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 euros ($3.2 billion) into La Liga in exchange for 10% of its revenue and a 10% stake in most of its business, with 90% of that financial injection going to clubs.

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