LaLiga The keys to the agreement
Distribution This is how the almost 2,000 million will be divided
Criticisms Athletic, Barça and Madrid hope that the CSD will avoid "irreparable damages" and act in favor of the 'Sustainable Project'
The
Extraordinary General Assembly of LaLiga
approved the agreement with the British
investment
fund
CVC
that will inject
1,994 million euros
in exchange for the
value of 9% of the audiovisual rights
for
50 years
, with the backing of
37 of the 42 clubs
that comprise it, four votes against and one abstention.
LaLiga confirmed that the first economic injection, of
400 million euros
, will reach the clubs in a few weeks and they will be able to start their projects to
improve infrastructure, digitization
and
internationalization
, among others.
The opposition clubs
Real Madrid, Barcelona and Athletic Club
, and promoters of the alternative
Sustainable Project
, participated in the
Assembly
hours after having asked the
Higher Sports Council
(CSD) to cancel it and to announce legal actions since it did not do so. and declared himself incompetent to make decisions about the LaLiga deal.
The general directors of Real Madrid and Athletic,
José Ángel Sánchez
and
Jon Berasategui
, were present in person, and
Mateo Alemany
, director of the Barcelona football area,
intervened via videoconference
.
The commitment to
CVC Capital Partners
, called
LaLiga Impulso
, was presented and endorsed by the clubs in August and unanimously approved by the LaLiga Executive Committee.
Reformulated to adapt it to the participation of its clubs, it represents an investment of € 1,994 million in exchange for the value of 9% of the audiovisual rights over the next 50 years.
The clubs undertake to
allocate up to 70%
to invest in infrastructure, international, brand and product development, communication strategy, innovation plans, technology and content development on digital platforms and social networks.
Another
15% will be for the registration of players
and the other
15% for financial debt
.
According to the criteria of The Trust Project
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