Real Madrid to Sue La Liga, CVC Chiefs over Proposed $3.2 Bln Deal

La Liga President Javier Tebas poses before an online interview with Reuters at the La Liga headquarters in Madrid, Spain January 27, 2021. (Reuters)
La Liga President Javier Tebas poses before an online interview with Reuters at the La Liga headquarters in Madrid, Spain January 27, 2021. (Reuters)
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Real Madrid to Sue La Liga, CVC Chiefs over Proposed $3.2 Bln Deal

La Liga President Javier Tebas poses before an online interview with Reuters at the La Liga headquarters in Madrid, Spain January 27, 2021. (Reuters)
La Liga President Javier Tebas poses before an online interview with Reuters at the La Liga headquarters in Madrid, Spain January 27, 2021. (Reuters)

Real Madrid will launch civil and criminal lawsuits against La Liga president Javier Tebas and CVC Capital Partners' chief Javier de Jaime Guijarro over their proposed 2.7-billion-euro ($3.16 billion) deal, the Spanish club said on Tuesday.

Real Madrid also said they would pursue legal action to block approval of the planned deal, which is to be voted on by La Liga members.

The league said last week that the deal, called "Boost La Liga", would strengthen its clubs and give them funds to spend on new infrastructure and modernization projects as well as increasing how much they could spend on players' salaries.

Real and Barcelona, however, have fiercely opposed the deal as it gives CVC a 10% share in the league's future television rights.

Tebas responded to the statement with a message on Twitter in which he criticized Real president Florentino Perez for using "threatening methods".

CVC Capital Partners said "the legal action announcement is totally disproportionate and manifestly unfounded", adding that it reserved the right to take any available legal action to defend itself.

In a statement sent shortly after Real Madrid announced the legal action, CVC said it hoped La Liga's member clubs would approve the deal, which it described as "beneficial to all".

Barcelona president Joan Laporta last week said the deal was like "mortgaging the club's rights over the next half-century" and said he would reject it, even though it would have helped alleviate the Catalans' financial problems and allowed them to sign Lionel Messi, who has left Barca, to a new contract.

The Spanish league last week said it was not worried by legal moves from Real Madrid and that legal disputes between the two entities were common.



AlUla to Host Saudi Arabian Equestrian Federation Endurance Cup on Saturday

 Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA
Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA
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AlUla to Host Saudi Arabian Equestrian Federation Endurance Cup on Saturday

 Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA
Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA

AlUla is set to host the Saudi Arabian Equestrian Federation Endurance Cup on Saturday at AlFursan Equestrian Village fields.

Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers.
The organizing committee, a collaboration between the Royal Commission for AlUla and the Saudi Arabian Equestrian Federation, has scheduled a veterinary examination for the participating horses today. The race will commence tomorrow, offering a total prize pool of SAR1.5 million, SPA reported.
This marks the fourth endurance race hosted by AlUla in the 2024-2025 season. AlUla will conclude its endurance racing season with the prestigious Custodian of the Two Holy Mosques Cup in February 2025, widely recognized as the world's most expensive endurance race.