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La Liga's private equity deal upsets Real

La Liga has agreed a €2.7bn deal with CVC Capital Partners, but Real Madrid are not happy with an arrangement that would bring private equity into a major European league for the first time.

The deal values La Liga at €24.2bn and would release €2.5bn for clubs over three years.  CVC would take a minority stake in a newly created entity that would manage broadcast, sponsorship and digital rights for the league.   The aim is to attract a larger international audience and improve technology.

The 42 clubs in the two divisions will vote on the deal next week, but Real Madrid is annoyed that it was not included in the negotiations.   The deal does not need unanimous support.

Real Madrid and Barcelona are still backing a version of the European Super League.

A similar deal between CVC and Serie A stalled after opposition from elite clubs.   Germany's top clubs voted to pull out of talks with private equity firms about a stake in the Bundesliga.


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