Soccer-Spanish clubs need to be more ambitious, CVC executive says

TARRAGONA, Spain (Reuters) - Spain's top clubs need to raise their expectations so they can fully monetise the potential business around soccer, a top executive from private equity firm CVC Capital Partners said on Wednesday.

The Luxembourg-based fund, which has signed a media rights deal with the Spanish professional soccer league LaLiga for 1.99 billion euros ($2.13 billion) to boost modernisation of the clubs, believes the plan is going in the right direction but expects to see more results.