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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!