The agreement between La Liga and the CVC fund is “totally illegal” for the Spanish Football Federation (Rfef). The federation’s tough stance comes in the aftermath of Real Madrid’s announcement of legal action against La Liga president Javier Tebas Medrano, CVC fund manager Javier de Jaime Guijarro and the fund itself. The agreement provides for the transfer to Cvc of 10% of the commercial rights of the Spanish league for 2.7 billion euros, with a duration of 50 years. “The Spanish Football Association had the opportunity to examine the documentation provided, we do not know if in a complete way, before the assembly tomorrow and with a margin of only 48 hours”, underlines the Rfef.
“As for the agreements between La Liga and CVC relating to the audiovisual rights of clubs, the RFF must express its opposition. Not only for legal reasons, which will undoubtedly generate numerous disputes arising from the agreement and could question its feasibility, since it is destined to force some legal institutions to the extreme, but also for economic reasons, since the rights of the clubs are heavily taxed for the next fifty years in exchange for a small sum of money, “the statement read.
“But the most important thing – the federation highlights – is that the agreement increases inequality and makes a reasonable evolution of the format of professional football competition in Spain fundamentally and definitively impossible, making the competition petrified with no possibility of development except by decision. of an external third party, in clear violation of the law and of the European sports model “.
And again: “If there are clubs that with their inalienable and unavailable rights from third parties want to voluntarily get into debt there are no problems, but not through an illicit contract that obliges everyone through the false attribution of rights that it does not possess in favor of La Liga. Furthermore, it appears not very rigorous and very opportunistic to try to go beyond the confines of the law to reach a terrible and deplorable economic agreement for the future of all Spanish football and, instead, fantastic for a fund and other possible beneficiaries. “