It is not only the war of Spanish football, it is truly the war of European football. Javier Tebas plans to achieve tomorrow, at the headquarters of the League, the sale of 10.95 percent of the rights of the LFP to an investment fund, CVC, an agreement that tries to tie up Real Madrid and Barcelona so that they cannot organize a competition that harms the Spanish League. Destroying the project of the European Super League is the great objective. Then there is the economic argument, which the White House criticizes as a bad deal, but the key is played on a continental scale.
Tebas and CVC have already tried to enter the Italian Serie A to buy that same percentage and tie to
Juventus, the third team to support the Super League. Italian clubs refused the sale. CVC also failed in its desire to acquire 25 percent of the Bundesliga business. The German clubs said ‘no’. Now, it is presumed that the majority of our bankrupt entities will vote “yes” to the injection of money from Javier de Jaime, leader of CVC.
The war is absolute and Real Madrid, as ABC announced, presented yesterday «legal actions, both civil and criminal against the president of LaLiga, Javier Tebas, against Mr. Javier de Jaime Guijarro, head of the CVC Fund and against the CVC Capital Partners SICAV-FIS Fund itself. The Board of Directors has also decided to carry out legal actions of all kinds that are deemed appropriate to annul and nullify the possible agreements adopted by the La Liga Assembly on August 12, 2021, regarding the agreement between the League and the CVC Fund ».
The entente between Javier de Jaime and Tebas will provide immediately 2,668 million euros to the Spanish professional football association for the acquisition of 10.95 percent of the rights over fifty years. Teams will receive credits of 2,460 million in forty years at zero cost, according to its weight in the television business, which is the mother of the lamb.
Real Madrid states that it has received in recent days half a dozen offers of other funds that would grant the League between eight thousand and nine thousand million for that 10.95 of the rights that presumably will be sold within hours over half a century. There were rumors regarding a counter offer by the white team with another investment fund. But it will not be so. First, because although it has proposals on its table that triple the money that CVC grants, the legal services of Real Madrid specify that the Spanish clubs once ceded their rights to the LFP for three years, but the assets of the companies can never be sold. 42 entities for fifty. It is the key factor in the criminal complaint. You cannot take patrimony from the whole group.
What would presumably be lost
The Madrid institution has informed all teams of these offers and possible economic examples to prevent them from approving the idea of Tebas. And he will speak in the Assembly itself for try to stop it. If the leader of the League wins, the White House will go to court.
The League has responded to the head of the Madrid entity in two ways. First, through Thebes: «The threatening method that FP in private now moves it to the public. Clubs and institutions have been supporting their threats for years. Since 2015 against the centralized sale, the constant challenges of agreements, the Super League. Real Madrid deserves more». And then, with the rejection of those money proposals for nine billion. He states that Real Madrid has made a growth calculation of a constant three percent of revenues in the League and that is impossible. The employer’s association analyzes that it can grow at three percent for a decade, but that then the growth will be around 1.2 percent, no more.
A very sweet money
The intricacy of the Javier de Jaime y Tebas pact lies in the fact that the Spanish teams, drowned, see in these credits the salvation of the moment. It is very sweet to hear that Barcelona would receive some 252 million, although it has joined Real Madrid in the “no”. Whites dismiss a loan of 238.6 million. Atlético will collect 183 million. Sevilla, 119. Valencia, 117. Athletic, 114. Villarreal, 108. Real Sociedad and Betis, about 90. The Espanyol; 88. Getafe and Celta, around 80. El Levante and Alavés, 75. El Granada, around 60.
However, Real Madrid underlines that Barcelona would lose 2.366 million in the fifties years. The white club would stop collecting 2,281. The, Athletic, 1918. And more modest, around 600 million.
Real Madrid reflects that CVC can take 20,000 million in fifty years, and Javier de Jaime 3,000, to put 2,668 now, a figure that he considers “ridiculous.” It is the last chapter of the war between Florentine and Thebes, full of demands. The secret of everything, do not be fooled, is to tie up the clubs to prevent the Super League.
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