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    Real Madrid drags La Liga to court over sale of TV rights

    Chronicle EditorBy Chronicle EditorAugust 11, 2021No Comments2 Mins Read
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    La Liga president, Javier Tebas
    La Liga president, Javier Tebas
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    Real Madrid authorities are set file a series of lawsuits against La Liga over a deal that will allow a private equity company to acquire a 10% share of future La Liga television rights.

    The club has put plans in motion to sue La Liga president Javier Tebas and CVC Capital Partners.

    La Liga said clubs could vote on the 2.7bn euro (£2.3bn) deal on 12 August.

    The Spanish FA (RFEF) are opposed to the proposed investment, suggesting that it “increases inequality”.

    However La Liga said Real Madrid were using “coercive and threatening” methods to stop clubs having their say on the deal.

    The league says the deal will strengthen its clubs and give them funds to spend on new infrastructure as well as increasing how much they could spend on players’ salaries.

    The RFEF suggested it could affect the future of the league, making the format for the development of professional football in Spain “impossible”.

    Tebas tweeted on Tuesday that clubs “have had to put up with threats for years” from Real Madrid president Florentino Perez.

    European Super League on 'standby' - Florentino Perez
    Real Madrid President Florentino Perez

    He has since tweeted to criticise the RFEF’s opposition to the deal – suggesting that they have not studied the details properly and were quick to condemn La Liga, despite remaining silent over the proposed European Super League.

    • Super League: Barcelona, Real Madrid and Juventus to continue with plans

    CVC Capital Partners said “the legal action announcement is totally disproportionate and manifestly unfounded”, adding that it reserved the right to take any available legal action to defend itself.

    Barcelona have also voiced opposition to the deal, with the club’s president Joan Laporta saying it was like “mortgaging the club’s rights over the next half-century”.

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    UN demands release of students, teachers abducted in Oyo, Borno

    UN demands release of students, teachers abducted in Oyo, Borno

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    Senate chamber during deliberations on the bill to establish the National Agency for Malaria Elimination in Nigeria.

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    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police nab suspect over AI-generated Tinubu voice note

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    Liverpool in talks with Andoni Iraola after sacking Slot

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