Real Madrid, Barcelona and Athletic Club have taken legal action against the deal between La Liga and the private equity fund CVC Capital Partners.
The deal involves La Liga giving up a percentage of revenue generated from TV rights, with clubs in Primera and Segunda to receive a financial boost.
Madrid, Barça and Athletic have been embroiled in a war of words with La Liga president Javier Tebas. In a joint statement released on Wednesday, the clubs confirmed: “Athletic Club, FC Barcelona and Real Madrid report that they have taken legal action in response to the agreements adopted by the La Liga Assembly in relation to the so-called Impulse Project that La Liga intends to undertake with the CVC venture capital fund, as it is an illegal transaction that causes irreparable damage to the Spanish football sector as a whole and flagrantly violates the most elementary principles of Spanish sports law and the La Liga statutes.”
