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In an announcement, Actual Madrid have confirmed that they’re set to take civil and prison authorized motion in opposition to each the La Liga and the CVS over the €2.7 billion deal. The league’s govt committee confirmed and accredited the deal final week but it surely has been rejected by each Barcelona and Actual Madrid.
With the coronavirus pandemic hitting soccer onerous, particularly on a monetary stage, it has seen many sides take motion with the Tremendous League enjoying its half. Nonetheless, with the monetary results of the pandemic nonetheless being felt, it has seen the La Liga approve a take care of CVC that sells 10% of their enterprise for €2.7 billion to the funding fund. The fund will pocket 11% earned by the league, via TV rights and sponsorship, for the subsequent 40 years but it surely has come below criticism.
Whereas the cash might be distributed to the golf equipment throughout the league within the type of a mortgage, it has seen each Barcelona and Real Madrid reject the deal. Moreover, whereas the sale was unanimously accredited by the La Liga’s govt committee, it nonetheless must be confirmed and accredited by the 42 voting golf equipment in Spain. However in an announcement, Actual Madrid have revealed that they’re set to take each civil and prison authorized motion in opposition to each the La Liga and CVC for the deal.
“The Board of Administrators of Actual Madrid CF, assembly at present at 11:00 a.m., has unanimously agreed to hold out each civil and prison authorized actions in opposition to the president of LaLiga, Mr. Javier Tebas Medrano, in opposition to Mr. Javier de Jaime Guijarro accountable of the CVC Fund and in opposition to the CVC Capital Companions SICAV-FIS Fund itself,” reads the assertion on the membership’s web site.
“Likewise, the Board of Administrators has additionally determined to hold out authorized actions of all types which are deemed acceptable to annul and nullify the doable agreements adopted by the LaLiga Meeting, to be held on August 12, 2021, concerning the settlement between LaLiga and the CVC Fund.”
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