Florentino Pérez, president of Real Madrid.
The LaLiga Club Assembly has not yet voted on the agreement with the CVC investment fund and the case has already been prosecuted.
Real Madrid, the great opponent of this operation together with Barcelona, announced on Tuesday that it will execute "legal actions, both civil and criminal", against the president of the employer, Javier Tebas, the person in charge of the fund, Javier de Jaime Guijarro, and the CVC itself.
The white club also warned that it will take the steps it deems appropriate in the courts "to annul and nullify the possible agreements adopted by the Assembly."
More information
LaLiga believes it is impossible to grow as much as Real Madrid calculates
These are the accounts of Real Madrid to oppose the agreement between LaLiga and the CVC fund
Real Madrid and Barça oppose the agreement between LaLiga and CVC
This Thursday, the 42 First and Second Division entities will vote if they accept the entry of this investment fund in exchange for an injection of 2,668 million euros, to be repaid in 40-year loans, for the transfer of 10.95% of the competition rights for the next half century.
The pact will only go ahead if it receives at least 33 favorable votes.
The vote will be secret and there is room for abstention.
Last Tuesday, the 14 members of the delegated commission ratified the text unanimously.
Javier Tebas's response to the Real Madrid statement was immediate: “The threatening method that FP has been using in private for years is now being transferred to the public. Clubs and institutions have been supporting their threats for years. Since 2015 against centralized sales, constant challenges to agreements, the Super League ... Real Madrid deserves more ”, he wrote on his Twitter profile. The confrontation between the two leaders has been going on for a long time and in recent months it has been fueled by the Super League episode (promoted by Pérez and rejected by Tebas) and now by the possible entry of this investment fund.
The threatening method that FP has been using in private for years is now being transferred to the public.
Clubs and institutions have been supporting their threats for years.
Since 2015 against centralized sales, constant challenges to agreements, the Super League ...
@realmadrid deserves more https://t.co/Cl3EF6ucxp
- Javier Tebas Medrano (@Tebasjavier) August 10, 2021
The corporate director of LaLiga, José Guerra, said this Monday in conversation with this newspaper, before this announcement by Real Madrid, that his body had ensured that the agreement signed with CVC "respected the law and complied with existing regulations" .
In his opinion, the entry of CVC is essential to "maintain competitiveness" and shorten distances with the all-powerful English Premier.
The war of numbers is total. On the one hand, the white club, based on the report of a consulting firm hired by him, underlines that the amount of money that each of the 42 teams would now receive would be much lower than the income that each of them could obtain without the entrance of the investment fund in the following 50 years, the period of validity of this possible agreement with CVC. The consulting firm has carried out a study to which all First and Second entities have had access with the intention that they vote against it at Thursday's meeting. It compares, club by club, how much they would receive in the short term under the agreement with the fund and, according to their calculations, how much they would stop putting in cash. In Barcelona, for example, the gap would be 2,366 million; in Madrid, 2,281; in Atlético, from 1919; and in Valencia, 1,151.
LaLiga, meanwhile, considers that these estimates "are not realistic" and that they respond to "interested interpretations". For example, it rules out that the tournament could grow at a global rate of 3% in the next 50 years, as noted in the "conservative" scenario drawn by the Real Madrid consultancy. “The French Ligue 1, the Italian Serie A and the German Bundesliga have fallen in their national and international markets. In the Premier, the national has remained at zero thanks to the fact that the Government has lent a hand, but in some foreign countries it has decreased. That here it is assumed that we are going to increase 3% perpetually is a non-conservative forecast. Either the consultant has not studied the case or has put any number on the table. I don't deserve much respect for that calculation ”,his corporate director contested this Monday in a telephone conversation with this newspaper.
The medium and long-term figures put on the table by the employers are more modest. In the following nine years, the increase in the football business in Spain (mostly from television revenues) would be 3.1%, close to what the Real Madrid consultancy predicts. Divergences come when the high beams go up. While the white club, supported in this war by Barcelona, calculates that the industry can scale at a global rate of 3% in the next half century, LaLiga significantly reduces this scenario: in 13 seasons, in 2034-35 , it would be 1.3%, less than half. And that with the agreement with CVC. "If not, the figures would be even lower, without a doubt," explains José Guerra. “It is not possible to always grow at 3%. The bigger you are, the more difficult it is for you, ”he says.
The tension rises every day in the run-up to a very delicate vote. The entry of the investment fund would provide the clubs with a very important amount of money at a time of great financial straits due to the pandemic (see graph). According to the calculation made based on the distribution by television rights for the 2016/2017, 2017/2018, 2018/2019 and 2019/2020 seasons, Barça would receive 253 million; Madrid, 241; Atlético, 181; the Seville, 119; and the least, Elche, 10. 70%, yes, they should go to infrastructures. 15%, to refinance debt or offset losses; and only the remaining 15% to register players. In any case, they would be high injections in this context of hardships and uncertainties.The question is to what extent the operation is short-term and the clubs could not obtain more in this next half century without yielding 10.95% of their business to this fund.
You can follow EL PAÍS DEPORTES on
and
, or sign up here to receive
our weekly newsletter
.