The Spanish Football League has reached an agreement with an investment fund to pump up to $3.1 billion, which will allow Spanish clubs to obtain significant financial support that may move the faltering transfer market.
A La Liga statement said the new deal aims to "promote the global growth of La Liga and its clubs, and to continue its transformation into a global digital entertainment company."
Spanish newspapers reported that the agreement was made between the League and the private equity company "CVC", and indicated that the Spanish clubs would receive 90% of the value of the deal.
And the money will not only go to giant clubs such as Real Madrid and indebted Barcelona;
It also goes to clubs in the women's league and amateur league.
According to those newspapers, these funds will be distributed based on the average percentage of each club's television rights over the past seven years, which may give Barcelona about $ 320 million, while the riyal will receive more than
$
307
million.
The agreement comes weeks after a number of major clubs - including Real Madrid and Barcelona - launched a plan to organize the European Super League, due to the decline in the financial income of the football competition.
The money - which will be pumped into the accounts of Barcelona and Real Madrid - will allow the two teams to ease the financial troubles due to the repercussions of the Corona pandemic, knowing that Barcelona will be the biggest beneficiary given the size of its debts that exceeded one billion dollars.
The new money will give the Barcelona club management the opportunity to complete a contract renewal deal with its Argentine captain, Lionel Messi, whose contract expired last June.
According to Spanish media reports, the Argentine magician reached a preliminary agreement with the club in mid-July.
The two parties agreed to renew the contract for a period of 5 years, with Messi (34 years) to waive 50% of his current salary.
The announcement of the agreement was delayed in view of the restrictions imposed on the Catalan club to sell a number of players or reduce the wage block to ensure financial balance and compliance with the rules of financial fair play.
For his part, Real Madrid is looking to settle the French Kylian Mbappe deal, and the new money will give him a greater margin to move in the transfer market after the restrictions that faced the team due to the repercussions of Corona and the renewal of the Santiago Bernabeu stadium.