Tebas: “With CVC we are going to advance Spanish football by 20 years”

The president of LaLiga, Javier Tebas, he assured that the agreement with the investment fund CVC and the contribution of 2,000 million euros to the clubs “It will allow Spanish football to advance 20 years without public money”, during the III Efe Sport Business Days Forum on “Financing in the world of sport”.

“It is a project to grow, it is not a project to get into debt. CVC contributes 2,000 million euros at once for the clubs and we are going to advance Spanish football 20 years without public money, with a World Cup in 2030 just around the corner, “he said.

Tebas stressed that the clubs have decided to distribute the money efficiently and that 75% of this will be used for investment in infrastructure, which will allow many to undertake renovations in their stadiums and facilities and advance in their digitization.

“The funds rely on Spanish LaLiga. With the entry of CVC the clubs are worth 30% more. If those 2,000 million do not come in, we are reserving the league industry to the two great clubs in this country. If we don’t do this we go down. In France they are already studying an option like this“He added in the forum in which Carmelo Ezpeleta, CEO of Dorna Sports, and Francisco Gómez, general director of Seguros Pelayo, also participate.