Irina R. Hipolito / AFP7 via Getty Images1.994bn investment from private equity fund CVC Capital Partners in the first deal of its kind in Europe, though four clubs — including Barcelona and Real Madrid — opted out.
At least 32 of the 42 teams from the Spanish first and second divisions needed to back the plan. On top of the four objections, one other club abstained from voting, the source said, without naming the club.€ The clubs are committed to allocate 70% of the funds to investments linked to new infrastructure and modernisation projects. Up to 15% can be used to sign players, with the remaining 15% for reducing debt.
Barcelona and Real Madrid, who have yet to comment on the deal, were among the driving forces behind the failed plan to launch a breakaway European Super League earlier this year and vowed to continue to set it up after a Madrid court ruled against Uefa.
Barcelona are bankrupt
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