La Liga confident on CVC deal

La Liga is confident that a big majority of its clubs will vote in favour today of its €2.7bn tie up with private equity firm CVC Partners. Rothschild & Co. have produced a report saying that the deal offers a fair price. Barcelona and Real Madrid claim that CVC is under paying.

Under the deal CVC would buy a minority stake in a company holding La Liga's broadcasting and sponsorship rights for around €100m, giving it a 11 per cent share of revenues for the next 50 years. It would also contribute €2.5bn to be distributed to clubs as interest free loans, welcome after Covid-19 hit revenues.

Real Madrid intends to take legal action to try and stop the deal.

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