Real Madrid, Barcelona propose alternative to CVC investment in LaLiga

FILE PHOTO: Soccer Football - Twelve of Europe's top football clubs launch a breakaway Super League - Madrid, Spain - April 21, 2021. Barcelona, Real Madrid and Atletico Madrid merchandise is seen through a shop window. REUTERS/Susana Vera

MADRID (Reuters) - Top Spanish football clubs Real Madrid and Barcelona have proposed a 2 billion euro ($2.26 billion) bank credit to finance the country's top soccer league in a bid to derail an approved cash injection offered by private equity fund CVC.

The CVC deal is due to receive final approval on Dec. 10 and was approved by 38 of the 42 clubs comprising LaLiga in a first round.

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