After Barcelona and Real Madrid, the Spanish Football Association RFEF has also made a statement about the LaLiga deal. The Spanish football league has signed an agreement with investment fund CVC Capital Partners, which takes a minority stake of ten percent for 2.7 billion euros. There is much to be done, especially about the duration of the deal of fifty years.
“We have had only 48 hours to analyze all the documents and have come to the conclusion that we must speak out,” the RFEF said in a statement. “Not only for legal reasons, but also for economic reasons: the rights of the clubs will be heavily taxed for the next fifty years in exchange for a small amount. We are aware of the various complaints and comments from various clubs from the top divisions We have expressed our opposition by means of a letter to the LNFP.”
The investment of 2.7 billion euros from CVC Capital Partners will benefit the clubs in LaLiga for ninety percent. The Spanish League wants to use the money to grow globally and to become ‘a global digital entertainment company’. The goal is to close the gap with the Premier League. CVC also previously took an interest in Formula 1, while talks with Serie A came to nothing. “Ultimately, if we analyze the operation from a fifty-year perspective, we must conclude that it goes beyond commercial and audiovisual rights. The competition’s powers are limited and negatively affected.”
The RFEF emphasizes that clubs with unavailable rights are free to join. “But not through an illegal agreement that obliges everyone. We see few rigorous and opportunistic attempts to go beyond the limits of the law to reach a terrible and regrettable deal for the future of all Spanish football. The RFEF warns that the contribution to football that comes from these audiovisual rights is not going to diminish in those fifty years.”
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