Letter from Athletic Bilbao, FC Barcelona and Real Madrid to all La Liga clubs regarding the league's agreement with CVC and the three clubs' proposed deal with another investor.
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Real Madrid
Barcelona
Athletic Club
hishammusthafa
164
CVC Capital Partners are a private equity and investment advisory firm who have invested heavily in European and Asian markets. The arrival of Covid-19 opened a door to them. They saw that sports organisations, without fans and with sponsors and television companies cutting back, were desperate for income. Having already enjoyed immediate results in rugby, they looked to football as their next stop. They approached both Serie A and the Bundesliga, but talks were unsuccessful. Talks with Javier Tebas, president of LaLiga, were more successful and a deal was struck.
MadridMaldives
106
CVC (a private equity) will give €2.7 billion to La Liga which will be divided between the 42 clubs of 1st and 2nd division teams and CVC will get in return 11 percent of the TV rights for 50 years and according to Florentino they will earn €50b next 50 years after investing only €3b. And that’s utterly an unfair deal. Real Madrid, Barcelona and Athletic Bilbao opted out, saying the terms were too generous to CVC. And most people would say why only these three clubs rejected it and the answer is easy: The Real Madrid, Barcelona and Athletic are the only 3 clubs that belong to its "socios/members" and not a private company.
MikelatySogwa
59
To Madrid and Barcelona president...they are the architect of la liga
Olajayz10
49
Congratulations to those who read the whole letter
LayeeSwaray
31
Me waiting for someone to tell me the meaning of CVC
coebkosy
24
Smart move by these three clubs. 💯
Yasin103
21
Laport open your mask, we know you are Bartomeu