OFFICIAL: LaLiga wins the case against Real Madrid and Athletic for the agreement with CVC

LaLiga Has gone out victorious of a new legal dispute. In this occasion, the organism chaired by Javier Thebes has attained that the demand presented by the Real Madrid and the Athletic Club against LaLiga Impulse, a pact sealed between the patronal and the investment fund CVC Capital Partners, was desestimada.

This agreement involves that the Spanish clubs yield roughly 9% of his audiovisual rights during the next 50 years in return of an injection of 2000 M€ that will deliver between all. To his time, this economic injection engages to the clubs to allocate at least 70% of the resources to investments related with the infrastructure, international development, development of mark and product, strategy of communication, plan of innovation and technology, and plan of development of contents in digital platforms and social networks. Besides, they will be able to use until 15% additional for the registration of players and another 15% to reduce the financial debt.

The sentence of the Court of First Instance N° 15 of Madrid left clear that the Plan Promote does not violate the statutes of LaLiga, as they argued the Real Madrid and the Athletic Club, against of the others 32 teams involved in the trial. The lawyer of these clubs emphasized that "it can not kidnap the will of the majority" and also stood out the profits that this agreement can have for both parts. It affirmed that "this operation is good, is an opportunity and goes to improve the competition. Even they (Real Madrid and Athletic) also go to benefit if it grows the competition without having added to the plan".

LaLiga Pronounced around this sentence

LaLiga Also issued a communiqué after knowing the failure to his favour. "The sentence confirms the legality of the operation, signalling that it adjusts to the legal and statutory frames valid. Besides, it stands out that no vulneraron the statutes of LaLiga neither the applicable rule in matter of management and administration of the audiovisual and economic rights of the sportive entities. This involves that the operation was made respecting the competitions and procedures established by the law and the statutes of LaLiga", began saying.

🚨 Informative note:

▫️ Desestimada The demand of the Real Madrid CF and Athletic Club against LALIGA IMPULSE.

📎 https://t.co/qpbvnsnkxs pic.twitter.com/7xnyyn6idr

— LALIGA Corporate (@LaLigaCorp) February 27, 2024

The sentence, as it confirmed the informative note of LaLiga, concluded that the agreement established so that no infringe the rights of the clubs participants of LaLiga. It argues that the agreements reached respect the rights and obligations of the clubs, without imposing them unfair conditions neither alter significantly his participation and rights inside the competition.

Likewise, the communiqué emphasizes that the sentence also recognises the autonomy of LaLiga to manage and administer his commercial and audiovisual rights, as long as these actions make inside the existent legal frame. This involves that LaLiga has the capacity to carry out financial and commercial operations that consider beneficial for the community of his members, always respecting the laws and applicable regulations. This applies also to the case of LaLiga Impulse.

The Madrid and the Athletic still can resort this sentence

With this sentence, the agreement of LaLiga Promote does not run danger and LaLiga will not have to give back the 2000 million euros received of the bottom CVC. The projects funded with this money will be able to go on. However, it fits to stand out that the Real Madrid and the Athletic Club still could appeal the sentence in front of the Provincial Audience of Madrid and, en última instancia, in front of the High court, having a time limit of 20 days to do it.

Why the FC Barcelona withdrew his demand to LaLiga?

To close, is worthwhile to remember that the FC Barcelona also was between the clubs demandantes of LaLiga in this subject. However, it withdrew his demand in June of the past year when presenting a document in front of the Court of First Instance number 15 of Madrid in which it expressed his will to abandon the juridical procedure, requesting the sobreseimiento of the case based in diverse "juridical reasons".