Spain: "LaLiga clubs are worth 30% more since the arrival of CVC" (Javier Tebas, LaLiga)

"LaLiga clubs are worth 30% more since the arrival of CVC thanks to the credibility offered by the fund," said Javier Tebas, president of the Spanish League, during a debate in Madrid (ESP) on "Financing in the World of Sport" at the EFE Sport Business Days on 13/01/2022.

LaLiga announced on 12/12/2021 that it had signed an agreement with the investment fund, through which "the league and (LaLiga Santander and LaLiga SmartBank) clubs receive a total of €1.994bn which will be used for technology, innovation, internationalisation, and sporting growth initiatives."

In exchange for its investment, CVC obtained an 8.2% stake in the new company in charge of managing the commercial and technological rights of the Spanish professional leagues, and will receive around 10% of the audiovisual revenues generated (minus the amounts paid to the clubs that are not signatories of the agreement) over a 50-year period. Athletic Club Bilbao, FC Barcelona and Real Madrid CF have refused to participate in the project, named LaLiga Impulso, and even took legal action against it in December 2021 (see…