Spain's LaLiga soccer clubs OK CVC's 2.1 billion euro capital injection

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MADRID : Spain's top soccer clubs approved on Friday a 2.1 billion euro (US$2.37 billion) investment from private equity fund CVC Capital Partners for an 8.2per cent stake in a new company that would manage broadcasting revenues, a source close to LaLiga said.The 'LaLiga Boost' deal marked the first inve

MADRID : Spain's top soccer clubs approved on Friday a 2.1 billion euro investment from private equity fund CVC Capital Partners for an 8.2per cent stake in a new company that would manage broadcasting revenues, a source close to LaLiga said.

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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