What is the LaLiga-CVC deal, and why are Real Madrid and Barcelona against it?
On Wednesday 4th August, Spain’s LaLiga announced that they had reached an agreement in principle with a private equity and investment advisory firm, CVC Capital Partners. The strategic agreement called “Boost LaLiga,” ensures a €2.7 billion cash injection into the competition and it’ clubs in exchange for 10 percent of its revenue and a 10...