Primera Division: Laliga sells shares for 2.7 billion euros

In the course of a groundbreaking billion deals, the Spanish league newly represents and gives her club with fresh money. According to Laliga, according to their own provisions, a sale of ten percent of their business to the International Participation Company CVC for 2.7 billion euros. The final decisions by the management bodies of both contractors are expected for Wednesday evening.

Spain's elite class thus ensures a novelty in professional football. No other top league in Europe has so far received a strategic partnership with a private investor.

"The process is intended to forward the global growth of Laliga and its clubs and thus continue the transformation of the league to a worldwide digital entertainment company," said the league. 90 percent of the CVC investment (2.3 billion euros) should flow directly to the clubs.

For the entry of CVC, the former owner of Formula 1 and one of the ten largest investment companies in the world, the entire league business is transferred to a newly established company. At this company, the Private Equity Group resident in Luxembourg considers a minority interest of ten percent.

The value of the Spanish League is currently estimated at a total of 24.2 billion euros. This includes all TV and other marketing rights as well as further investments and joint ventures.

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Also Serie A deals with Share Sales

The sale of shares is a new way to open up new sources of money. The Corona pandemic has further addressed the financial problems of top clubs such as Real Madrid or FC Barcelona. To refinance their horrendous expenditures, these two clubs continue to fight for the introduction of a billion-heavy Super League with many European top clubs spectacularly in the past spring.

In addition to Laliga, the series A in Italy was seriously seriously dealing with the sale of shares to a consortium in which CVC is also represented. After a basic advocacy of the project in the fall of 2020 by the clubs, there is currently a question mark behind the DEAL.

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Top clubs like record champion Juventus Turin, title beam Inter Milan and ex-master SSC Naples is the previous offer of investors in the amount of 1.7 billion euros too low.