Real Madrid, Barcelona and Athletic de Bilbao have challenged the LaLiga agreement with the CVC fund “as it is an agreement that violates the provisions of the applicable regulations and in particular the Royal Decree that was approved within the framework of a procedure notoriously irregular “, say the three clubs is a joint statement that they have issued this afternoon. It so happens that They are the only three Primera clubs, along with Osasuna, that are not a public limited company and that continue to be owned by their members.
The Spanish professional football clubs, meeting in assembly, approved the agreement with the CVC fund for which they will receive a credit line of about 2,100 million (compared to the initial 2,667.5 in which the three clubs that have challenged the business were included) to return at low interest for 40 years in exchange for 9% of LaLiga profits over the next 50 years. The pact went ahead with 38 votes in favor and four against, the three already mentioned and Oviedo.
The three clubs that have gone to court understand that the agreement, in force until 2071, “fuand adopted within the framework of a notoriously irregular and disrespectful procedure with the minimum required guarantees for these purposes, especially in the face of an operation of such significance and duration “.
The vice president of Barcelona for economic affairs, Eduard Romeu, explained that “the agreement is contested for two main reasons: First, because the call that took place contained insufficient information to be able to evaluate it and make a decision; second, because in the course of the Assembly there was a change of criteria and it ended up asking for the approval of something other than what had been proposed “. “That meant a blank check for LaLiga that we believe is not correct. The truth is that in the first moment they only informed us of the positive aspects, such as that Barça would receive important money, but at no time did they put these in the documents. figures and that first agreement. When we finally received the documentation to sign, we realized that it did not correspond to what we had previously been told. It involved mortgaging the club in the very long term, to be exact, 50 years. What this agreement suggested to us is that this fund invested a total of 2,602 million euros, but at the end of the period, it ended up receiving 22,000 million euros, “added Romeu.
This is the full statement
Athletic Club, FC Barcelona and Real Madrid CF communicate that they have challenged the agreement adopted by the LaLiga Assembly on August 12, 2021, regarding the operation between LaLiga and CVC, as it is an agreement that violates the provisions of the regulations applicable (and, in particular, among others, Royal Decree-Law 5/2015) and that was adopted within the framework of a notoriously irregular and disrespectful procedure with the minimum guarantees required for these purposes, especially in the face of an operation of such importance and duration.