OFFICIAL: Real Madrid announce legal actions against LaLiga President Tebas

Real Madrid have announced that they will initiate legal actions against LaLiga President Javier Tebas following LaLiga’s agreement with CVC Fund.

Here’s Real Madrid’s statement:
At its meeting today at 11 am (CEST), the Real Madrid C.F. Board of Directors unanimously agreed to initiate both civil and criminal legal action against the LaLiga President, Mr Javier Tebas Medrano, Mr Javier de Jaime Guijarro, head of the CVC Fund, and against the CVC Capital Partners SICAV-FIS Fund itself.

In addition, the Board of Directors has resolved to take any legal action it considers appropriate to annul and render ineffective any possible resolutions adopted by the LaLiga Assembly, due to be held on 12 August 2021, in relation to the agreement between LaLiga and the CVC Fund.

Real Madrid and Barcelona were never in favor of the agreement between LaLiga and CVC Fund because they thought it could compromise their future budget and potential deals while believing that LaLiga didn’t have the power to reach said agreement given that the Spanish competition do not own team’s TV rights.