MADRID (Reuters) – Spain’s high soccer clubs accepted on Friday a 2.1 billion euro ($2.37 billion) funding from non-public fairness fund CVC Capital Partners for an 8.2% stake in a brand new firm that might handle broadcasting revenues, a supply near LaLiga stated.
The “LaLiga Boost” deal marked the primary funding settlement from a non-public fairness agency in a serious European League.
During a LaLiga General Assembly, 37 clubs voted in favour of the deal, whereas Real Madrid, Barcelona, Athletic Bilbao and Ibiza voted in opposition to, and one membership abstained, the supply informed Reuters.
At least 32 of the 42 groups from the Spanish first and second divisions wanted to again the deal to get it by.
Goldman Sachs will contribute with a portion of the funds that CVC will put money into the Spanish soccer league and recuperate over 50 years, sources from LaLiga and the fund had stated.
A supply near Real Madrid informed Reuters that the membership will start authorized motion in opposition to LaLiga as they threatened to do after they introduced their objection in August.
($1 = 0.8869 euros)
(Reporting by Fernando Kallas and Inti Landauro; Editing by Nathan Allen and Andrew Heavens)
