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April 18 – In the latest off-the-field saga engulfing Spanish football, outspoken La Liga president Javier Tebas reportedly faces possible suspension following a legal complaint by Real Madrid over the controversial CVC €1.9 billion investment deal that has helped finance infrastructure at scores of clubs.
In February a Spanish court dismissed legal action by Real and Athletic Bilbao against LaLiga after they claimed that an arrangement with private equity firm CVC, known as ‘Boost La Liga’ and signed in December, was illegal.
The money was in exchange for an 8.2% share of the league’s income from broadcasting and sponsorship rights for the next 50 years.
An initial 37 of Spain’s 42 first and second-division clubs voted in favour of the agreement. But Madrid and Bilbao led opposition to the plan and opted to sue LaLiga.
Real allege that the process to vote through the deal was not carried out properly and it is now being reported, though still unconfirmed, that Tebas may be suspended as a precautionary measure by TAD – the highest administrative body in Spain.
The news comes amid a continuing power struggle in Spanish football.
Earlier this month, Tebas was quoted as saying that Real boss Florentino Perez “has too much strength and influence, and it is not good for Spanish sports. I will defend myself. Madrid have wanted to remove me from the presidency for a long time.”
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Source link : https://www.insideworldfootball.com/2024/04/18/real-madrid-hunt-tebas-head-laliga-boost-deal/
Author : Paul Nicholson
Publish date : 2024-04-18 16:13:33
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