The Limited Times

Now you can see non-English news...

How is La Liga's agreement with an investment fund that ensures Messi's continuity

2021-08-04T21:07:48.677Z


There will be an injection of 2.7 billion euros to the clubs from the CVC fund. 08/04/2021 17:50 Clarín.com sports Soccer Updated 08/04/2021 17:50 The continuity of Lionel Messi at Barcelona will be announced imminently. The Argentine returned from the last period of his vacation in Ibiza to the Catalan capital, on Sunday he will attend the traditional Joan Gamper that will be played without an audience and then will join the preseason of Ronald Koeman's squad. The confirm


08/04/2021 17:50

  • Clarín.com

  • sports

  • Soccer

Updated 08/04/2021 17:50

The continuity of Lionel Messi at Barcelona will be announced imminently.

The Argentine

returned from the last period of his vacation

in Ibiza to the Catalan capital, on Sunday he will attend the traditional Joan Gamper that will be played without an audience and then will join the preseason of Ronald Koeman's squad.

The confirmation that Messi will continue to be Barça is the main blow to the spectacular agreement that sealed the

Spanish Professional Soccer League

chaired by

Javier Tebas

with the CVC investment fund.

Barcelona will receive an aid of

270 million euros

, which will have an impact of 40.5 million to alleviate its wage bill.

From there to guarantee the presence of Messi, there is a step.

Messi's contract with Barca had already expired at the end of June.

He could not sign a new one because the club did not meet the financial fair play requirements of the League.

Nor could he make additions.

Agüero's case is different, because he did not oblige him to spend money on a purchase and his emoluments were equal to the numbers of the Catalans.

Thus, Barca was forced to reduce the workforce and considerably lower the wage bill although, despite this economic strategy, it did not reach the limits imposed by the League.

Barcelona is not the only one in that situation

.

For similar reasons, Real Madrid had one foot on the brake in their negotiations to buy Mbappé and Haaland.

Javier Tebas, president of the Spanish League.

(Reuter)

The agreement

However, yesterday, the League announced its agreement with CVC.

The investment fund will inject 2,700 million euros that will go almost directly to the clubs,

in exchange for a 10% participation in the commercial business

and an account in participation of the future profits obtained with this activity.

Another 100 million will go to women's and non-professional football.

The fresh money will be 90% of the total figure that the Spanish teams receive from La Liga, around 2,430 million euros.

Ronald Koeman waits for Messi.

(EFE)

The League retains the right to commercialize the TV rights.

CVC invests in Spanish football to "enhance its brand worldwide",

becoming a minority partner of the League

.

The formidable amount of money will have to be invested in the improvement of the stadiums, infrastructures and in development plans.

The Club Assembly of August 12 must ratify the agreement, something that is discounted.

CVC is an investment fund with experience in sport since it was a shareholder in Moto GP, Formula 1 and in the Six Nations rugby tournament.

Look also

Lionel Messi arrived in Barcelona and his signing is imminent: the details of a long-awaited contract

Lionel Messi and Neymar met again in Ibiza after the Copa América final

Source: clarin

All news articles on 2021-08-04

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.