Sports Economic Information Leader The LaLiga Da Laliga Verde Commission to the Agreement with CVC
Green Light at the entrance of CVC in LaLiga's business.The Entity Delegate Commission, an ordinary governing body of the governing entity of professional football in Spain, has unanimously approved the ratification of the agreement to give entry to the British fund manager in the LaLiga business in exchange for an injection of 2 2.700 million euros.
This is an essential step for the closure of the agreement, especially when similar pacts have received the rejection of clubs in other European leagues.After the approval of the clubs, they can receive in the form of participatory credits 90% of the funds injected by CVC in exchange for 10% of LaLiga's business.After the delegated commission yes, the agreement will have to be ratified, however, by the General Assembly of LaLiga, convened extraordinarily for next week.
The pact announced this morning by LaLiga, baptized by the employer as LaLiga Impulso, has received the approval of all the members of the delegated commission: Miguel Ángel Gil (Atlético de Madrid), Fernando Roig (Villarreal CF), Francisco Javier Catalán (Levante UD), Jokin Aperribay and Alfredo Castresana (Real), José María Cruz and Miguel Ángel del Nido (Sevilla FC), Federico Martínez (Real Betis), Francisco Canal (Ca Osasuna), Javier Fernández (Real Sporting), Constantino Saqués (CD Lugo), Amaya Gorostiza and Jon Ander Ullazia (SD Eibar), Patricio Viñayo (UD Las Palmas), Ignasi Mas-Bagá (Girona FC), Juan José Bonilla (UD Almería) and Ignacio Abad (CD Tenerife).
Javier Tebas, president of LaLig."There will be better facilities, better players and better amateur experience in everything related to your club," he added.
Javier Tebas says that the agreement will revolutionize the football club management model
The operation, which values LaLiga in 24.350 million euros, it will be executed through the creation of a new company to which LaLig.LaLiga will maintain its sports and organization and management of audiovisual rights management and management.
CVC will contribute funds to LaLiga through an account in participation.90% of the funds will concentrate on clubs, while women's football, semi-professional and non-professional football will receive more than 100 million euros from the Royal Spanish Football Federation (RFEF) and in the CouncilSports Superior (CSD).Other 100 million will allow Financing of LaLiga's own projects.
Clubs must allocate the funds received to the promotion of a development plan agreed with LaLigcontent development plan on digital platforms and social networks.
CVC, one of the world's largest fund managers, has more than 25 years of experience in the sports sector, with participation in international rugby competitions, volleyball, tennis, Moto GP and Formula 1.
The manager was constituted in 1981 as a European arm of Citicorp Venture Capital, founded in turn by the American Bank Citibank in 1968.In the portfolio of the manager there are companies such as Breitling (luxury), Douglas (Distribution of Perfumery), Tendam (Fashion), Naturgy (Energy), Petco (Pets) or Fast Logistic (Logistics).The company is led in Spain by Juan Arbide.
In sports, CVC was made at the end of 2005 with 65% of Formula 1, a business that abandoned in 2016.In 2020, the Private Equity group took 28% of the Rugby Guinness Pro14 League, two years after having entered with a minority participation in Premiership Rugby, the British League of this sport.
CVC funds also participate in other managers: in 2019, for example, it entered the capital of Bruin Sports Capital (promoted by a former IMG executive and specialized in sports) with an injection of 600 million dollars made together with another managerof funds, The Jordan Company.
