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Real Madrid, Barcelona and Athletic Bilbao do not sign contract and jump from R$16 billion deal between LaLiga fund and CVC Capital Partners

Real Madrid, Barcelona and Athletic Bilbao do not sign contract and jump from R$16 billion deal between LaLiga fund and CVC Capital Partners

This Thursday, a meeting was organized between the managers the league, the entity responsible for regulating Spanish ChampionshipThe heads of the first and second division teams in the country. The meeting will be devoted to the directors to sign the terms of the agreement concluded by the university with the fund CVC Capital Partners. However, four teams “rebelled” and chose not to sign.

According to the newspaper Sports WorldAnd real MadridAnd BarcelonaAnd Athletic Bilbao An unnamed second-tier team jumped and refused to sign the papers.

With this, they will not be entitled to the financial “bailout”, which will be carried out through the 2.7 billion euros (16.6 billion Brazilian reais) injected by the Luxembourg Fund after purchasing 10% of the shares the league.

On the other hand, these four teams will not be subject to forfeiture of 10.95% of their TV rights over the next 50 years, which is the biggest challenge that Barcelona and Real Madrid face of the agreement.

Remember that at the beginning of the week, You are you are meringue They even stated that they would go to court so they wouldn’t have to get into the “package” of the contract signed between the league and the fund..

“Real Madrid cannot support a process that will give investors the future of 42 clubs in the first and second divisions, and the future of the clubs they have raised. the league For 50 years,” wrote the giant from the Santiago Bernabeu.

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According to Spain’s two strongest teams, the 50-year burden on television rights is putting the future of the entities at risk.

This made the duo consider the agreement bad for all parties, since the injection of money now, to reduce the impact of the COVID-19 epidemic on the coffers of associations, does not compensate for the money that would be lost without a portion of the revenue from television for half a century.

According to the Spanish press, he is expected to be president the leagueJavier Tebas will hold a press conference on Thursday to explain the situation.