LaLiga and CVC agree $3.2 billion investment

04 Aug 2021

By: Sport Industry Group

Spanish top flight football league LaLiga has agreed to sell 10% of a newly formed holding company that homes much of its business to private equity firm CVC Capital Partners, in a deal worth $3.2 billion.

The agreement, which values LaLiga at $28.7 billion, will see the league retain autonomy over sporting regulations and media rights sales, but CVC will own 10% of a new company comprising all of the businesses, subsidiaries and joint ventures.

According to the league, 90% of the funding from CVC will be diverted directly to the clubs, although it must be used to improve areas agreed upon by the league, including infrastructure, international development and content development.

Money will also be allocated for the development of women’s football across Spain.

The move continues CVC’s recent assault on global sport, following investments into the Six Nations, Premiership Rugby, the Pr014 – subsequently renamed United Rugby Championship – and the FIVB.

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