Barca join Real in rejecting La Liga’s proposed CVC investment

    Barcelona joined Real Madrid on Thursday in announcing a proposed multibillion-dollar investment and revenue-sharing deal between Spain’s top football league, La Liga, and private equity firm CVC.

    The announcement came after the club announced that the top scorer of all time, Lionel Messi, will leave the Camp Nou after 18 years due to financial restrictions imposed on them by La Liga.

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    The Spanish Football League announced on Wednesday that CVC will contribute € 2.7 billion ($ 3.2 billion) to La Liga in exchange for 10% of its revenue and 10% of most of its activities, with 90% of the injection to go to clubs.

    “FC Barcelona considers that the company that has been announced has not been adequately discussed with the clubs (the owners of the television rights); that the amount is not in line with the duration and that the agreement affects part of the next 50 years “, it is mentioned in the announcement of the association.

    “The terms of the contract described by La Liga condemn Barcelona’s future in terms of broadcasting rights.

    “FC Barcelona would like to express its surprise at an agreement reached by LaLiga in which the views of the teams, including those of FC Barcelona, ​​have not been taken into account.

    “There was not even a presentation of the options offered by other competitors in order to assess the pros and cons in a post-pandemic situation in which there are still many questions that remain unanswered.”

    Barcelona, ​​along with Real and Juventus of Italy, remain attached to the unfortunate idea of ​​the European Super League that was announced earlier this year, but collapsed after the reaction of the fans as nine of the 12 founding clubs left.

    The Executive Committee of the Spanish Football League, which includes the bosses of Atletico Madrid and Sevilla but not those of Real or Barça, approved the scheduled CVC agreement on Wednesday and will now be put to a vote by all members of the league from both top sections.

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