LaLiga clubs shun Barca, Madrid vote in favour of €2.2bn CVC deal
LaLiga’s clubs have voted in favour of a €2.2 billion deal that will see 10% of the league’s business sold to the investment fund CVC Capital Partners, despite opposition from Real Madrid and Barcelona
The €2.7bn deal was announced last week and approved by the league’s executive committee but had to be ratified in a vote of the 42 first- and second-division clubs at a general assembly on Thursday.
A total of 38 clubs voted in favour, with Madrid, Barca, Athletic Bilbao and an unnamed LaLiga 2 club voting against.
Speaking at a news conference after the meeting, LaLiga president Javier Tebas blamed the opposition of the league’s two biggest clubs to the plans on the row over the proposed European Super League.
“It’s clear that the position of Real Madrid and Barcelona is related to the Super League,” he said. “This influx of money doesn’t favour the idea of a Super League that Florentino [Perez] wants. It’s a cultural problem, he thinks the big clubs are the ones that should control everything.
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“I’d like [Real Madrid and Barcelona] to be part of the agreement, they aren’t, but we’re not going to cry about it.”
The investment is likely to total between €2.1bn and €2.2bn without Madrid or Barca voting in favour.