5 May 2022 - 3:04 PM
Analysis: How LaLiga clubs are spending its CVC cash pile
- Nearly €700 million has flowed into the coffers of 38 LaLiga clubs since January, 70 per cent earmarked for infrastructure projects.
- From stadium moves and redevelopments to creating subsidiary companies, Off The Pitch looks at how some of this money is being spent, and how clubs see it as benefiting their long term prospects.
- Why it matters: Spanish football is seeing arguably the greatest infrastructural investments ever seen in a football economy, outside of a major tournament.
- The perspective: Some clubs have already come up against hurdles. Many clubs are in council owned facilities and sometimes without long term leases and there have been legal questions about ownership of assets.
Between late January and early February 38 Spanish clubs received a total of €698 million of private equity money from LaLiga’s partnership with CVC in two tranches. The payments represented the first part of the €1.994 billion investment agreed in the Boost LaLiga project, which saw the Spanish leagues give the private equity group a 8.2 per cent stake in its future earnings for the next 50 years.
Under the terms of the deal clubs had to alloca
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