The Spanish Football federation opposes La Liga’s plan to sell 10 per cent in the league

The Spanish Football federation claimed that the deal is completely illegal and appealing. Barcelona and Real Madrid also opposed the deal.

La Liga’s plan to sell 10% in the league for £2.3 bn to private equity firm CVC Capital Partners was completely opposed by The Spanish Football Federation(REFF). La Liga will conduct voting for the accomplishment of the deal. The 42 clubs will cast their votes and two-third that is 28 votes in favour will continue the signing of the deal.

Real Madrid and FC Barcelona have already claimed their view in this deal as they are completely against the deal and do not support this in any manner. Real Madrid has said that they are bound to take legal actions against La Liga president Javier Tebas and CVC Capital Partners as well to make sure this deal doesn’t go any further.

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“This agreement was reached without the involvement or knowledge of Real Madrid and today, for the first time, La Liga has given us limited access to the terms of the agreement,” read a club statement released last Thursday.

Real Madrid released a statement against the deal which said, “The clubs have signed over their audiovisual rights exclusively for their sale on a competitive basis for a period of three years. This agreement, by way of a misleading structure, expropriates 10.95 per cent of the club audiovisual rights for the next 50 years, in breach of the law.”

Barcelona released a statement as well which said, “FC Barcelona considers that the operation that has been announced has not been sufficiently discussed with the club that the amount is not congruent with the years of duration, and the deal affects part of all clubs’ audiovisual rights for the next 50 years. The terms of the contract that La Liga is describing condemn Barcelona’s future with regard to broadcasting rights.”