The strategic agreement between LaLiga and the CVC investment fund represents an injection of 2,700 million euros to the competition and the clubs, which will be the great beneficiaries. In the case of FC Barcelona, sources of the employer’s association affirm that the amount that the Barcelona entity would enter will exceed 250 million euros, which would enter immediately. In such a way, when Barça will allow you to enroll Leo messi and the rest of the incorporations.
Of these 250 million, LaLiga has set conditions. 70 percent must be invested in infrastructure, 15% in refinancing debt and losses caused by the pandemic and another 15% is to invest in the workforce. For what to Barça He will have about 40 million left, which according to sources from the manager of Spanish professional football, will be enough to register the 10 culé. Despite this, from the Barcelona they are prudent and insist that they must also agree to a salary bill and confirm departures. In the entity culé they are analyzing the agreement and, for now, they do not throw the bells the flight.
The agreement is expected to be ratified this Wednesday by both the LaLiga Delegate Commission and the CVC Investment Committee. If approved, it could help cash-strapped teams, including the FC Barcelona, to repair their finances that have been hit by the COVID-19 pandemic.
The operation will be executed through the creation of a new company to which LaLiga will contribute all its businesses, subsidiaries and joint ventures and in which CVC it will have a minority stake of approximately 10% of the capital. CVC, for its part, provides funds to LaLiga through a participating account, a long-term agreement that benefits everyone. The employer will keep intact its sports competitions and the organization and management of the commercialization of audiovisual rights. In other words, a participation account in which the investment fund injects the money and the competition itself will continue to manage all its rights.
The employer insists that this agreement does not involve any sale or financing. It is simply a strategic agreement that will allow the competition to grow faster in the future and that CVC runs the same business risk as LaLiga. Likewise, it is emphasized that there are no clubs available that will enter the competition in the future, which will benefit from the hypothetical income generated after this agreement.
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