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Real Madrid will sue La Liga and CVC for misappropriation — report

El Independiente published a detailed report this morning

Real Madrid v Atalanta Bergamo - UEFA Champions League Photo by David S. Bustamante/Soccrates/Getty Images

According to a detailed report published by El Independiente this morning, Real Madrid have several representatives currently at La Liga offices examining the deal they announced with CVC yesterday — a deal that apparently the club did not know about until it was announced.

Real Madrid, along with Barcelona reject the new deal and will not vote for it. Athletic Club also have doubts about it, per that same report. Part of the issue lies in that because Real and Barca are not privately owned clubs, La Liga and CVC (the latter which now has an 11% in the league) will be able to access the club’s assets.

The report, as written in El Independiente:

The bewilderment between Real Madrid, Barcelona, among other clubs is such that sources close to the white club say that until this Wednesday they did not learn of Thebas’ plans with CVC, once the press echoed the press release sent earlier in the day.

That is why, as El Independientehas learned, several representatives of Real Madrid are at the LaLiga facilities to examine point by point the agreement signed by Javier Tebas and the international investment fund.

The New York Times announced this past Wednesday that Real Madrid and Barcelona did not agree on the entry of the investment fund into LaLiga through the creation of a new company owned by the spanish football employers and the international financial. The Athletic Club, another team that is a club and not SAD, also has serious doubts about supporting the project, as this newspaper has learned.

The three teams that will say ‘no’ to the agreement have the status of a club, a fact that differs from the rest. Unlike Valencia, Atletico, Sevilla, Betis or Villarreal, the share capital belongs to its partners and not to a certain number of shareholders.

That is why, as narrated by the sources consulted by this newspaper, Real Madrid understandsthat the entry of CVC to the capital of LaLiga, and therefore that it can access its assets for the 11% that will be taken by the new advertising or television contracts, is illegitimate and that, in addition, it should consult with its partners.

In view of the new developments, Real Madrid is already preparing an extraordinary meeting of partners where the role that the Madrid entity will play in the new joint venture that LaLiga and the financial company intend to create will be put to a vote.