'Boost LaLiga', which was ratified last month by 38 of 42 clubs across Spain's top two divisions and is worth a reported 2.2 billion euros , means CVC would receive 11% of revenue from television rights over the next 50 years in exchange for pouring money into LaLiga.
The vast majority of the cash is to be given to clubs to spend on new infrastructure and modernisation projects as well as increasing how much they can spend on players. "The agreement violates the provisions of the applicable regulations and it was adopted within the framework of a procedure that is grossly irregular and disrespectful to the minimum guarantees required for these purposes, especially in a deal of such importance and scope."
Barca offered a further explanation of their stance:"The Club's Economic Committee presented a study that concluded the agreement made no sense for Barcelona, not for its cost, nor the remuneration it would receive, the duration or the kind of obligations that it entails," a separate statement read.
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