Spanish FA joins clubs' lawsuit against La-Liga private equity deal
2 years, 10 months ago

Spanish FA joins clubs' lawsuit against La-Liga private equity deal

The Hindu  

Spanish football's governing body on Thursday joined three elite clubs in their lawsuit against a 2 billion euro private equity deal agreed by administrators of its top divisions, deepening domestic divisions within the sport. The RFEF said in a statement that, via the lawsuit, it aimed to protect its rights and those of clubs, primarily non-professional ones, and to prevent the deal from "determining the direction of Spanish football for the next 50 years". Real Madrid, Barcelona and Athletic Bilbao described the deal as "an illegal transaction that causes irreparable damage to the entire Spanish football sector" when they jointly announced the suit in December. LaLiga executive director Oscar Mayo told Reuters on Tuesday that the league was "confident in the legality of the deal", suggesting the clubs' legal actions were related to the European Super League breakaway project.

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History of this topic

How private equity is changing the global soccer landscape with big investments in clubs and leagues
10 months, 2 weeks ago

How private equity is changing the global soccer landscape with big investments in clubs and leagues

Associated Press  

MADRID — Atletico Madrid is revamping its training facilities. Spanish clubs this week are meeting to showcase and discuss projects funded by their shares of the $2.1 billion that private equity group CVC Capital Partners is investing in the Spanish league. The 2021 deal was the first of its kind in Europe’s top soccer leagues, but CVC has since made …

Napoli President De Laurentiis pushes for change in favour of Super League after court verdict
1 year ago

Napoli President De Laurentiis pushes for change in favour of Super League after court verdict

The Hindu  

Napoli President Aurelio De Laurentiis welcomed the European Court of Justice ruling on the Super League project, saying UEFA and FIFA do not understand the business of the sport and the need to grow club revenues. Europe’s top court said the ruling bodies had contravened EU law by stopping the formation of a Super League, but clubs and leagues came …

European Court of Justice rules FIFA, UEFA breached EU Law over Super League ban
1 year ago

European Court of Justice rules FIFA, UEFA breached EU Law over Super League ban

Hindustan Times  

The European Court of Justice on Thursday gave a huge boost to the Super League project, by passing a landmark ruling that UEFA and FIFA contravened EU laws by preventing the formation for Florentino Perez' pet project. When the news first developed, it received widespread protests from angry fans and UEFA even threatened sanctions if the clubs went ahead with …

European Court rules in favour of Super League, Real Madrid-Barcelona support, Premier League clubs oppose
1 year ago

European Court rules in favour of Super League, Real Madrid-Barcelona support, Premier League clubs oppose

India TV News  

In a major event in global football, the European Court of Justice said UEFA and FIFA's stopping of formation of a new Super League is illegal on Thursday, December 21. The top court's verdict boosts the idea of a new European Super League but interested parties are facing strong opposition from top leagues and major clubs. La Liga giants Atletico …

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach
1 year, 1 month ago

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach

News 18  

Barcelona lost an appeal to UEFA against being fined 500,000 euros for misreporting income under financial monitoring rules, the European soccer body said Friday. UEFA’s club finance panel imposed the fine in July after Barcelona declared income in 2022 on profit from “disposal of intangible assets which are not a relevant income under the regulations.” FC Barcelona is fined €500,000 …

Explained: The media rights deal the Bundesliga hopes will boost its competitiveness
1 year, 7 months ago

Explained: The media rights deal the Bundesliga hopes will boost its competitiveness

New York Times  

The Bundesliga are looking for a cash injection. The investment is designed to increase the league’s “international competitiveness,” according to Borussia Dortmund CEO Hans-Joachim Watzke, who also serves on the Bundesliga supervisory board. Forty-five per cent is earmarked for the club’s infrastructure — stadiums, club training centres, academies etc — and the final 15 per cent can be spent at …

Spanish league: Clubs not convinced by Barça’s explanations
1 year, 8 months ago

Spanish league: Clubs not convinced by Barça’s explanations

Associated Press  

MADRID — Spanish clubs were not convinced by Barcelona’s explanation about its payments to a former official of the country’s refereeing committee, the Spanish league president said Wednesday. Javier Tebas said after the league’s general assembly that most clubs felt that Barcelona president Joan Laporta did not fully explain why his club paid more than 7 million euros from 2001-18 …

Spanish football federation RFEF sides against Barcelona over payments
1 year, 9 months ago

Spanish football federation RFEF sides against Barcelona over payments

The Hindu  

The Spanish football federation has joined the long list of entities deciding to take legal action against Barcelona in the corruption case. Prosecutors last week formally accused Barcelona of alleged corruption, fraudulent management and falsification of documentation in regard to payments of millions of euros for more than a decade to a company that belonged to the vice president of …

Furious LaLiga BLASTS new European Super League plans
1 year, 10 months ago

Furious LaLiga BLASTS new European Super League plans

Daily Mail  

LaLiga has responded to the latest offensive from Real Madrid and Barcelona regarding their plans for a breakaway European Super League by branding them the big bad wolf trying to devour football. La Liga responded: ‘The Super League is a wolf disguised as grandma in the hope of tricking European football but its teeth are very big.’ In A22 Sports …

Super League to be killed off as European judges are told to favour Uefa
2 years ago

Super League to be killed off as European judges are told to favour Uefa

The Telegraph  

The European Super League rebel three of Real Madrid, Barcelona and Juventus have been dealt a huge blow in their legal case against Uefa’s monopoly when the expert advice to judges was that the governing body has legitimate power over club competitions. The ESL rebel three had sought to overturn Uefa’s historic right to organise club competitions, such as the …

Spanish court admits clubs' legal action over CVC deal
2 years, 10 months ago

Spanish court admits clubs' legal action over CVC deal

The Hindu  

A civil lawsuit against LaLiga filed by Real Madrid, Barcelona and Athletic Bilbao over a 1.994 billion euro private equity deal agreed by the administrators of elite Spanish football has been admitted by a Madrid court, the court said on Monday. All but five of the 42 clubs in the top two divisions signed up in December to the 1.994 …

CVC’s €2bn deal, what it means for La Liga and why Real and Barcelona are against it
3 years ago

CVC’s €2bn deal, what it means for La Liga and why Real and Barcelona are against it

New York Times  

The announcement last August that CVC Capital Partners wanted to invest €2.7 billion in La Liga was a bombshell to hit Spanish football — for many different reasons. The deal may still need to be authorised by the Spanish government’s antitrust authorities, but La Liga says it expects the deal to get 100 per cent closed before 2022 starts, and …

Real Madrid, Barcelona propose alternative to CVC investment
3 years ago

Real Madrid, Barcelona propose alternative to CVC investment

The Hindu  

Top Spanish football clubs Real Madrid and Barcelona have proposed a 2 billion euro bank credit to finance the country's top football league in a bid to derail an approved cash injection offered by private equity fund CVC. READ: The alternative proposal from Spain's two largest clubs together with smaller Athletic Bilbao would see JPMorgan, Bank of America and HSBC …

UEFA Drops Case against European Super League Rebels
3 years, 2 months ago

UEFA Drops Case against European Super League Rebels

News 18  

UEFA says that it is dropping its disciplinary case against Real Madrid, Barcelona and Juventus over their involvement in the controversial European Super League, to comply with a ruling from a Madrid court. UEFA, which had been pursuing the three clubs over what it called a potential violation of UEFA’s legal framework, also said that it “will not request payment” …

UEFA nullifies proceedings against Super League rebels
3 years, 2 months ago

UEFA nullifies proceedings against Super League rebels

The Hindu  

UEFA has nullified disciplinary action against breakaway Super League clubs Real Madrid, Barcelona and Juventus after a Madrid court ruled that European football's governing body should not sanction the rebel clubs. UEFA had opened a probe against the three clubs but in June it suspended proceedings after being notified by Swiss authorities of a court order from the commercial court …

LaLiga: New season gets underway amid financial cloud and without Lionel Messi – Firstpost
3 years, 4 months ago

LaLiga: New season gets underway amid financial cloud and without Lionel Messi – Firstpost

Firstpost  

The free transfer of Lionel Messi to Paris Saint-Germain on Tuesday drove home the financial turmoil that is eroding the power of Spanish football. While Messi is the biggest star to leave, and his former club Barcelona have been particularly cavalier in racking up debts estimated at 1.2bn euros, Spanish football has money worries. While Real are, once again, being …

Real Madrid planning to SUE LaLiga following £2.3bn cash injection
3 years, 4 months ago

Real Madrid planning to SUE LaLiga following £2.3bn cash injection

Daily Mail  

Real Madrid are going to sue LaLiga after being left disgruntled by the league's £2.3billion deal with an American private equity firm. Real Madrid president Florentino Perez has led the club into many legal battles with LaLiga Real's latest legal battle with the league is over a £2.3bn deal struck with a private equity firm Spanish website El Independiente reported …

Spanish league secures $3.2 billion in funds to help clubs
3 years, 4 months ago

Spanish league secures $3.2 billion in funds to help clubs

The Hindu  

The Spanish league took a step toward cutting into the Premier League's global dominance on Wednesday, securing €2.7 billion in funding to boost its clubs' finances and increase revenue growth over the next few years. The deal unanimously approved by the league's executive committee should increase the clubs' spending power and is expected to help Barcelona guarantee a new contract …

Spanish league secures $3.2 billion in funds to help clubs
3 years, 4 months ago

Spanish league secures $3.2 billion in funds to help clubs

Associated Press  

MADRID — The Spanish league took a step toward cutting into the Premier League’s global dominance on Wednesday, securing €2.7 billion in funding to boost its clubs’ finances and increase revenue growth over the next few years. The deal unanimously approved by the league’s executive committee should increase the clubs’ spending power and is expected to help Barcelona guarantee a …

LaLiga: Spanish league to sell $3.2 billion stake to private equity fund – Firstpost
3 years, 4 months ago

LaLiga: Spanish league to sell $3.2 billion stake to private equity fund – Firstpost

Firstpost  

The CVC investment has to be approved later Wednesday by the league’s executive committee before it can be put to a general assembly vote of the clubs. Spain’s top football league announced Wednesday it has agreed in principle to sell 10 percent of its business to private equity firm CVC Capital Partners for 2.7 billion euros to help finance long-term …

'The whole thing is a bit of a JOKE': LaLiga chief Javier Tebas continues to slam Super League plans
3 years, 4 months ago

'The whole thing is a bit of a JOKE': LaLiga chief Javier Tebas continues to slam Super League plans

Daily Mail  

LaLiga president Javier Tebas said the idea of a Super League remains 'a bit of a joke', but he gave the rebel clubs some credit for suggesting they want to work with the game's authorities in their latest statement. Javier Tebas has warmed slightly to the European Super League after the latest statement Real Madrid, Barcelona and Juventus have plans …

Super League: UEFA suspends legal action against Real Madrid, Juventus, Barcelona
3 years, 6 months ago

Super League: UEFA suspends legal action against Real Madrid, Juventus, Barcelona

The Hindu  

European football's governing body UEFA has suspended legal action against Real Madrid, Juventus and Barcelona over their role in attempting to launch a breakaway European Super League. Real, Juventus and Barcelona held out when nine of the 12 original clubs backtracked and struck a deal with UEFA last month. READ: Premier League 'Big Six' reach settlement over Super League The …

European Super League: Six rebel teams reach £22 million financial settlement with Premier League
3 years, 6 months ago

European Super League: Six rebel teams reach £22 million financial settlement with Premier League

Firstpost  

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham face a £25 million fine and 30-point deduction if there are further attempts to break away. London: The six rebel English clubs that signed up to the European Super League have reached a financial settlement with the Premier League worth a combined £22 million, reports said on Wednesday. Sky News reported …

La Liga CEO: Super League ideas endure at clubs, FIFA
3 years, 6 months ago

La Liga CEO: Super League ideas endure at clubs, FIFA

The Hindu  

European club football still faces threats from leaders of the failed Super League project and the FIFA president, Spanish league CEO Javier Tebas claimed Thursday. “The concept of the Super League hasn’t died,” Tebas warned club and league officials in an online meeting hosted by the 30-nation European Leagues group. Tebas warned that FIFA’s delayed launch of an expanded 24-team …

La Liga expands partnership with Microsoft to lift revenue for its Clubs
3 years, 7 months ago

La Liga expands partnership with Microsoft to lift revenue for its Clubs

The Hindu  

Spain's La Liga is expanding its partnership with Microsoft as it looks to boost revenue for its pandemic-hit football clubs and re-energise a fan base that is consuming ever more digital products. to generate revenue so we are able to redistribute and have better clubs, better stadiums and better players," Oscar Mayo, La Liga's head of business and international development, …

La Liga still planning to take matches to U.S., says Tebas
3 years, 7 months ago

La Liga still planning to take matches to U.S., says Tebas

The Hindu  

La Liga's plans to stage a game in the United States are alive and kicking, according to president Javier Tebas who all but ruled out taking the showpiece El Clasico match out of Spain. La Liga has twice failed to take a regular-season match Stateside with FIFA, world football's governing body, and the Spanish FA voicing their opposition to the …

Real Madrid, Barca and Juve to face sanctions; nine other Super League defectors sign deal with UEFA
3 years, 7 months ago

Real Madrid, Barca and Juve to face sanctions; nine other Super League defectors sign deal with UEFA

The Hindu  

The three teams that remain involved in the breakaway Super League operation, Real Madrid, Barcelona and Juventus, will face sanctions from UEFA, which has reached an agreement with the nine other clubs. "The same cannot be said for the clubs that remain involved in the so-called ‘Super League’ and UEFA will deal with those clubs subsequently," he added. "UEFA has …

European Super League: All 12 Clubs bound by contract; project will happen in 'near future', says Real Madrid president
3 years, 7 months ago

European Super League: All 12 Clubs bound by contract; project will happen in 'near future', says Real Madrid president

Firstpost  

Real Madrid’s president insists all 12 clubs that signed up for the ill-fated Super League are still bound by contract to launching the controversial breakaway of Europe’s elite soccer teams. In an interview with Spanish sports daily AS on Saturday, Madrid president Florentino Pérez said the clubs can’t back out like some have announced. “If something needs to be changed, …

Super League is a unique opportunity to ruin football: La Liga president Tebas
3 years, 8 months ago

Super League is a unique opportunity to ruin football: La Liga president Tebas

The Hindu  

The La Liga president Javier Tebas said that the attempt to have the breakaway European Super League is a unique opportunity to ruin football and the reforms agreed for the UEFA Champions League is the way ahead. READ | "I have always maintained that the concept of European Super League was a unique opportunity to ruin football. The English clubs …

FIFA’s Infantino: Super League clubs will ‘pay the consequences’
3 years, 8 months ago

FIFA’s Infantino: Super League clubs will ‘pay the consequences’

Al Jazeera  

A breakaway competition launched by 12 major European football clubs has sent shockwaves through the sport. FIFA boss Gianni Infantino slammed the proposed Super League and warned that the football clubs involved could face “consequences”. Think of it, this has to be absolutely, absolutely clear.” ‘Huge mistake’ UEFA President Aleksander Ceferin said there was still time for clubs to pull …

La Liga rejects 'egotistical' Super League
3 years, 8 months ago

La Liga rejects 'egotistical' Super League

The Hindu  

Spain's football league, La Liga, and a host of its clubs have added their name to a long list of institutions rejecting the idea of a European Super League. In a statement on Monday La Liga tore into the newly proposed Super League, of which three of its clubs are founder members, labelling the move "selfish" and "egotistical". Reuters contacted …

Super League clubs tell FIFA legal action already started
3 years, 8 months ago

Super League clubs tell FIFA legal action already started

The Hindu  

The 12 European clubs pursuing a Super League have told the leaders FIFA and UEFA that legal action is already being pursued to stop them from action intended to thwart the launch of the breakaway competition, according to a letter obtained Monday by The Associated Press. UEFA warned the Super League clubs, including Barcelona, Real Madrid, Juventus and Manchester United, …

La Liga president: Spanish clubs have absorbed Covid-19 impact better
3 years, 9 months ago

La Liga president: Spanish clubs have absorbed Covid-19 impact better

The Hindu  

The La Liga clubs have suffered a net loss of around one billion Euros in the previous seasons because of the ongoing Covid-19 pandemic, informed the president of the top Spanish league Javier Tebas. Speaking to the world media, Tebas, accompanied by the corporate general director of La Liga, Jose Guerra, said that unlike other prominent leagues in Europe, the …

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