Categories: Sports

Madrid, Barça and Athletic propose an economic alternative to the clubs and LaLiga warns that it is unfeasible

MADRID, 2 Dic. (EUROPA PRESS) –

Real Madrid, FC Barcelona and Athletic Club sent letters to the rest of the LaLiga clubs this Thursday proposing an alternative to the Impulso project with the CVC investment fund, but the employers came forward to warn that “it is impossible to comply” for the most.

One day after the LaLiga Delegate Commission unanimously approved LaLiga Impulso, the three clubs opposed to the project sent an offer by letter from JP Morgan, Bank of America and HSBC to deal with the agreement that will be presented at 42 clubs at the Assembly on December 10th.

LaLiga Impulso’s investment plan involves an investment of 1,994 million euros that will allow participating clubs to have the necessary resources to undertake growth and consolidation projects from a sporting and business point of view, as announced on Wednesday.

“Presenting an offer on the night of December 2 knowing that the Assembly will be on December 10, and knowing the operation since August 12, shows that the intention is to derail a project that endangers its objectives individual although for it they have to destroy the collective future of the competition and their clubs “, says LaLiga.

Thus, the bosses came up against this movement of the three clubs in disagreement with LaLiga Impulso through a blunt statement. “The proposed operation, according to the letter, is a collective financing through a loan that presents an important absence of essential details to understand its viability. Only in a first reading of the financing offer it is surprising that it is of impossible to fulfill for the majority of the clubs, including the FC Barcelona “, adds.

In addition, from LaLiga they remember that the project with CVC is to promote the global growth of LaLiga and its clubs, a job that is ready to begin after many months. “On the contrary, the operation presented in this letter is based on an improvised proposal prepared without the minimum rigor required. Trying to establish a comparison with the LaLiga project with CVC is not having understood at all the reality of LaLiga Impulso, which is a lot more than a financing operation “, he points out.

“The Impulso Project aims to incorporate an industrial partner with extensive experience in Spain and in the sports rights sector that contributes long-term capital and proven industrial experience to help LaLiga and its clubs grow globally at a time of great challenges and uncertainties for the industry, “he adds, recalling CVC’s relationship with MotoGP, F1, Rugby, Volleyball or Cricket.

In addition, LaLiga insists that once again, the promoters of the Superliga seek their individual benefit. “It is surprising that the promoters of the Superliga, which was lethal for the national leagues, show concern for a project that the majority of LaLiga clubs approve and that does not affect them financially,” he explains.

“The CVC operation is an investment operation with an industrial partner, not a financing one, Florentino Pérez knows (Abertis / CVC). Now Florentino ‘remembers’ the LaLiga clubs, (those with uninteresting matches) and that he ignored when he was preparing the super league, “Javier Tebas, president of LaLiga, wrote on Twitter with the liar’s emoticon.

Finally, the employers recall that LaLiga Impulso “is not the answer to a liquidity problem for the clubs but rather a strategic project to guarantee competitiveness and growth in the medium and long term of the competition and its clubs.”

George Williams

George is a football fanatic, and he himself is a good football player. He does cover Football news from around the world, and share on Sportsfinding. He makes sure that the news content he creates are factually correct, and written in good English to meet the readers’ expectations.

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