Spain's LaLiga clubs agree CVC's 1.994 billion euros capital injection

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MADRID : Spain's top soccer clubs approved on Friday a 1.994 billion euros investment from private equity fund CVC Capital Partners for an 8.2per cent stake in a new company that would manage broadcasting revenues.The 'LaLiga Boost' deal marked the first investment agreement from a private equity firm in

MADRID : Spain's top soccer clubs approved on Friday a 1.994 billion euros investment from private equity fund CVC Capital Partners for an 8.2per cent stake in a new company that would manage broadcasting revenues.

During a LaLiga General Assembly, 37 clubs voted in favour of the deal, while Real Madrid, Barcelona, Athletic Bilbao and Ibiza voted against, and one club abstained, the source told Reuters.

 

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