LaLiga announces €2.7 billion deal with CVC Partners

LaLiga has announced it has agreed in principle to sell 10 percent of its business to private equity firm CVC Capital Partners for €2.7 billion to help finance long-term growth.

“The operation is designed to drive the global growth of La Liga and its clubs, continuing its transformation into a global digital entertainment company,” LaLiga said in a statement.

“The operation will be carried out through the creation of a new company to which La Liga will transfer all its businesses, subsidiaries and joint ventures and in which CVC will hold a minority participation of 10 percent.”

The announcement is an “agreement in principle” and will have to be ratified by all 42 clubs between LaLiga’s top flight and Segunda División.

More European Football News