Soccer-Row deepens over La Liga private equity deal


  • Football
  • Wednesday, 11 Aug 2021

FILE PHOTO: La Liga President Javier Tebas poses before an online interview with Reuters at the La Liga headquarters in Madrid, Spain January 27, 2021. REUTERS/Susana Vera/File Photo/File Photo

MADRID (Reuters) -Squabbling between Spanish football's power brokers over a tie-up between its elite leagues and a private equity firm intensified on Wednesday, as the body representing lower-tier professional sides joined the two biggest in rejecting it.

La Liga, which covers the top two soccer divisions, announced last week it would get 2.7 billion euros ($3.2 billion) of funding from CVC Capital Partners, with 90% of that going to clubs and the firm in return getting 10% of La Liga's revenue and a 10% stake in most of its business.

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