Legal steps were initiated against the Align business with an investor from Luxembourg, the clubs announced on Wednesday in a common communiqué. It is for an illegal transaction that violates the entire Spanish football sector an irreparable damage inflict and in a blatant manner the most elementary principles of Spanish sports law and the statutes of La Liga was said.
The business with the former Formula 1 owner CVC was approved on Friday on a general meeting of 42 tribes in Madrid with 37: 4 votes in a removal. For a financial syringe of almost two billion euros, the investor will collect around eleven percent of TV revenue for 50 years. He also takes over about eight percent of the trading and technology rights. League Boss Javier Texas spoke of a milestone in football development.
Real, Barcelona and Bilbao do not participate in the project. That means they do not get any money, but do not have to leave rights. Nevertheless, they are legally before. Due to their non-participation, on Friday — after a first approval of the project in August — had been tailored to a modified version with a capital contribution reduced by around 700 million euros.
Already in the next few weeks, the first 400 million euros in the cash registers of the clubs involved will flow as March and other specialism newspapers reported. The money should be used to improve the infrastructure, digitization and foreign marketing.
Whether the two clubs, which, on Friday in addition to Real, Barça and Bilbao, also voted yes, are nevertheless involved, initially did not stand. According to the media, it should be the second division real Oviedo and UP Ibiza.