Spain’s Top Soccer League to Sell Majority Stake in Tech Unit
- LaLiga aims to add fresh revenue sources to its core business
- Transaction is expected to be closed by the end of the season
Photographer: Juan Manuel Serrano Arce/Getty Images
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Spain’s top soccer league LaLiga is working with KMPG to sell a majority stake in its technology services unit, which focuses on player analysis and stadium logistics, in order to speed up growth in the business.
LaLiga aims to sell to a financial investor a 60% stake in LaLiga Tech, which has an enterprise value of 450 million euros ($547 million), LaLiga managing director Jose Guerra Alvarez said in an interview. Potential buyers have already been shortlisted and an agreement is expected to be reached by the end of the current season in May, with the aim of launching the new project before the end of 2021, he said.