Deals
Spain’s La Liga Gets $3.2 Billion Investment From Private Equity Giant CVC
- La Liga’s finances have been badly hit by the pandemic
- Buyout firm will take a roughly 10% stake in new company
Photographer: Alex Caparros/Getty Images
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CVC Capital Partners will invest 2.7 billion euros ($3.2 billion) in La Liga, the Spanish soccer league that’s home to Lionel Messi and other superstars of the world’s favorite sport.
The private equity firm’s investment values La Liga at about 24.3 billion euros, according to a statement Wednesday, and comes at a crucial time for the league, which like others around Europe has seen finances badly hurt by the impact of Covid-19.