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Top Spanish Football Clubs Looking to Rival CVC’s LaLiga Deal

  • Real Madrid, others present alternative $2.3 billion plan
  • Spanish clubs to vote on CVC deal for similar amount next week
A Spanish League football match between FC Barcelona and Real Madrid CF at the Camp Nou stadium in Barcelona. 

A Spanish League football match between FC Barcelona and Real Madrid CF at the Camp Nou stadium in Barcelona. 

Photographer: Josep Lago/AFP/Getty Images

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Three of Spain’s top soccer clubs are leading an 11th-hour attempt to scupper CVC Capital Partners’s roughly 2 billion-euro ($2.3 billion) deal to inject much-needed funds into the country’s top leagues, according to people familiar with the matter.

Real Madrid CF, FC Barcelona and Athletic Bilbao have presented an alternative funding proposal for a similar amount that would leave LaLiga out of the equation, according to a letter sent to all first and second division clubs that was seen by Bloomberg and signed by the presidents of the three big clubs.