Real Madrid, Barcelona and Athletic Bilbao are suing league over €2bn CVC deal
A civil lawsuit filed by Spanish football clubs Real Madrid, Barcelona and Athletic Bilbao against La Liga concerning a €2bn private equity deal agreed by the Spanish league’s governing body has been admitted by a Madrid court.
The judge investigating the case has called the parties to a hearing of precautionary measures on 24 February, according to reports.
A total of 37 of the 42 clubs in the top two divisions signed up to the €2 billion investment from CVC Capital Partners.
Four clubs, including Real Madrid, Barcelona and Athletic Bilbao opted out and one abstained before the three aforementioned clubs decided to sue the league.
The deal amounted to an “an illegal transaction that causes irreparable damage to the entire Spanish football sector and flagrantly violates the most elementary principles of Spanish sports law and the LaLiga statutes,” the three clubs said in a statement last month.
However, LaLiga has said it will be going ahead with its plans.