Spain's top football clubs including Real Madrid and Barcelona would get lucrative cash infusions under a proposed $3.2 billion deal between the country's top league and a private equity firm.
In a statement on Wednesday, La Liga said it had agreed in principle a "multipronged" deal with CVC including the $3.2 billion infusions in return for 10 percent of its revenue, as well as the creation of a newly formed company housing a range of commercial activities in which CVC would also take a 10 percent stake.
The deal values La Liga at around $28.7 billion in total and, if approved by clubs, will fund what it called "structural improvements" while offsetting some of the immediate impact from Covid-19, the league said in a statement.
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