CVC changed their offer to Spanish La Liga-source

MADRID, August 12 (Reuters) – The CVC investment fund is ready to allow Spanish football clubs to free themselves from its plan to invest in La Liga, the country’s main football league, it has been reported. learned Thursday from a representative of one of the clubs attending a meeting about this contested offer.

Neither CVC nor La Liga were immediately available to comment on this information.

CVC last week offered to invest € 2.7 billion in La Liga, which brings together the top two divisions of the Spanish league, in exchange for 11% of its revenue for 50 years and a 10% stake in a new entity that would oversee most of its activities.

This investment would be distributed up to 90% between the clubs, thus ensuring them additional liquidity for the purchase of players.

The new offer includes an option that would allow each club to walk away from the deal and keep their original share of the revenue, the source said, without specifying whether CVC had made any other changes to their plan.

The La Liga member clubs were due to vote during the day on the initial draft, which met with strong opposition from the two main ones, Real Madrid and FC Barcelona. It was not immediately clear whether they would finally vote on the new proposal.

On Wednesday, Real Madrid announced their intention to initiate civil and criminal proceedings against La Liga president Javier Tebas and CVC Spain chief executive Javier de Jaime Guijarro.

(Report Belen Carreño, Corina Pons and Inti Landauro, French version Marc Angrand)

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