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Home Sports Real Madrid say no to Pau Gasol, as…

Real Madrid say no to Pau Gasol, as with CVC in LaLiga

· · 1 min read

Real Madrid has issued a forceful official statement announcing its firm decision not to take part in the new investment agreement approved by Liga F.

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Real Madrid say no to Pau

The deal, backed by the fund Gasol16 Ventures led by former basketball player Pau Gasol, will not have the support of the Madrid club or of a quarter of the teams in the competition.

This stance from Los Blancos clearly mirrors their rejection of the CVC fund in the men’s league. As in men’s football, the Madrid board strongly opposes the entry of outside capital that involves selling off audiovisual and commercial rights over the very long term, defending the clubs’ full ownership.

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Financing in exchange for future revenue

From the offices at Concha Espina, they believe this pact does not reflect a sustainable or transparent growth model. The private fund was set to provide financing in exchange for receiving between 35% and 49% of the competition’s future revenue until 2051, a “quick money” formula that Madrid already fought against in court in its dispute with Javier Tebas.

Although Real Madrid says it respects the position of the teams that have signed the agreement, it firmly demands that its voluntary stance not result in different treatment or negative institutional consequences. The club insists that those who lawfully choose to remain outside the deal must not be financially penalized.

Finally, the club warns of the risk involved in mortgaging the competition for a quarter of a century. Madrid points out that this measure will seriously affect clubs promoted in the future, which will be tied to the approved model without having received a single euro from the initial financing distributed by Gasol16 Ventures.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.

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Nairavoice
Contributor at NairaVoice.com.ng