Spain's top clubs on Thursday approved private equity firm CVC's proposed investment despite votes against from Real Madrid and Barcelona, on the condition that individual clubs can opt out of the deal, La Liga's president said.
Facing fierce opposition from the country's two leading clubs to the plan that initially targeted €2.7 billion ($3.2 bn) in investment, CVC modified its original proposal shortly before the vote, allowing clubs in La Liga to take part on a voluntary basis.
If Real Madrid, Barca and Athletic Bilbao choose not to join the deal, the investment is likely to total between €2.1-2.2bn, La Liga's Javier Tebas told a news conference.
Despite the approval by 38 clubs out of La Liga's 42, the deal still faces legal risks.
CVC sought to pour money into La Liga, which covers Spain's top two divisions, in exchange for nearly 11 per cent of revenue from television rights over 50 years.
The league has argued the deal, called "Boost LaLiga", would strengthen clubs and give them funds to spend on new infrastructure and modernisation projects, as well as increasing how much they can spend on players' salaries.
Real Madrid said they are planning to launch civil and criminal lawsuits against Tebas and CVC Capital's chief Javier de Jaime Guijarro over the planned deal.
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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
The specs
Engine: Turbocharged four-cylinder 2.7-litre
Power: 325hp
Torque: 500Nm
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The users of Reddit
Robinhood
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Naked short
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Background: Chemical Weapons
All%20We%20Imagine%20as%20Light
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Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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Scoreline:
Barcelona 2
Suarez 85', Messi 86'
Atletico Madrid 0
Red card: Diego Costa 28' (Atletico)
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- Nord Anglia International School (Dubai) – Dh85,032
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- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
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- Glasgow, Scotland
- Islington, London
- Kensington and Chelsea, London
- Highlands, Scotland
- Argyll and Bute, Scotland
- Fife, Scotland
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Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
