Real Madrid speak out against €2.7bn La Liga investment deal

Real Madrid have expressed their opposition to a €2.7 billion (£2.3bn/$3.2bn) investment deal La Liga struck with private quity firm CVC.

CVC Capital Partners has purchased a 10 per cent stake in the Spanish top-flight, it was announced on Wednesday.

Madrid say they were not informed of the deal and claim that some of the terms are against the law.

What has been said?

A statement published on the club’s website read: “This agreement was reached without the involvement or knowledge of Real Madrid and today, for the first time, LaLiga has given us limited access to the terms of the agreement.

“The clubs have signed over their audiovisual rights exclusively for their sale on a competitive basis for a period of three years. This agreement, by way of a misleading structure, expropriates 10.95% of the clubs’ audiovisual rights for the next 50 years, in breach of the law.

“The negotiation was carried out without competitive proceedings and the financial conditions agreed with