Spanish Clubs Back CVC’s Soccer Deal Without Real, Barcelona
- Investment plan leaves two of world’s top clubs on the margins
- Goldman Sachs is leading syndicated financing for the deal
Photographer: Javier Soriano/AFP/Getty Images
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Spain’s soccer clubs backed a proposal from CVC Capital Partners to pump funds into the nation’s top soccer league that will leave FC Barcelona and Real Madrid, powerful opponents of the deal, on the margins.
The planned investment is now 2.1 billion euros ($2.5 billion), down from the 2.7 billion euros originally mooted, to take account of the teams that rejected the proposal, Javier Tebas, president of LaLiga said in a news conference. Of the 42 member clubs that convened to vote on the deal, 38 voted in favor, the league said in a statement.