Barça withdraws in its litigation against CVC

FC Barcelona has decided to bury the hatchet in its legal dispute against LaLiga for the agreement with the CVC fund after sending a letter to the Court of First Instance number 15 of Madrid where it expresses its willingness to withdraw from the procedure.

As Efe was able to learn, Barça is the only one of the three clubs – which kept the dispute open against LaLiga, so Real Madrid and Athletic Club de Bilbao remain as the only two teams against the proposal.

LaLiga’s agreement with CVC Partners, a British investment fund with previous experience in rugby, volleyball, tennis, Moto GP and Formula One competitions, put on the table a loan of close to 2,100 million euros without interest, in exchange for the value of 9% of the audiovisual rights generated by the competition over the next 50 years.

The map of these investments by the clubs are intended for reforms of stadiums, sports cities, debt cancellation, innovation laboratories or digital strategies.

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