LaLiga Impulso: the two clubs that have changed their minds

LaLiga Impulso has already received the definitive accolade. He does it by a landslide: 37 yeses of 32 necessary. The Tebas project that will link LaLiga with an investment fund for half a century has received majority support, especially against three of the most powerful clubs in Spain (Real Madrid, Barcelona and Athletic) and the Rubiales Federation. During the vote this Friday, only two clubs have changed their minds regarding the August vote.

In the first Assembly that this LaLiga Impulso agreement was voted, Tebas managed to gather 38 votes in favor and only four against (Real Madrid, Barcelona, ​​Athletic and Oviedo). On this occasion, he has maintained the majority necessary to carry the project forward, but with less support: only 37 yeses, one abstention and four votes against.. There are two clubs that have changed their minds in this last Assembly. According to 2Playbook and AS has been able to confirm, Oviedo would be the team that would have abstained. After his refusal in August, he announced that he was adhering to the plan and would take the money. It’s more, In the budgets presented for this season, he has the money that CVC will contribute. As AS has learned, Ibiza is the other team that has changed its mind and has gone from being in favor to voting against. Even if they did not endorse the agreement, they can sign and join the plan to use that money in exchange for giving up 11% of their television rights for the next 50 years.

How does LaLiga Impulso work?

LaLiga Impulso has had to readjust to the refusal of Real Madrid, Barcelona and Athletic to join the project. They reject their share of the millions (about 700 million) in exchange for not giving up their 11% of television rights for the next fifty years. In this new adaptation of the agreement, CVC maintains its valuation of the Spanish competition at 24,250 million euros, but it does reduce its rainfall from millions to 1,994. This amount will be distributed among the 39 remaining clubs. They will receive this money in four payments: 40% now with the signing of the contract (about 400 million euros); 20% in June 2022, another 20% in June 2023 and the last payment, also 20%, in June 2024. By that date it is expected that the clubs will have managed to transform their infrastructure, strategy and develop their brand to increase your income.

LaLiga will monitor every euro that the clubs receive. For this they have a roadmap to follow: 70% of the money should be allocated to infrastructure and brand and strategy development; 15% can be used for financial debt and the remaining 15% for transfers and salaries of footballers. It is possible that these percentages vary for some clubs, but must be approved by the LaLiga Delegate Committee. All the teams, since the agreement was announced in August, have been presenting their projects and strategies to the employers to allocate the money they receive. They range from the creation of universities, soccer schools or remodeling of their stadiums.