Spanish clubs approved a two billion euro (£1.7bn) investment from private equity fund CVC Capital Partners, but Barcelona and Real Madrid opted out.
In the first deal of its kind in Europe, 37 clubs voted in favour of the “La Liga Boost” deal that buys CVC an 8.2 per cent stake in a new company that will get revenues from La Liga broadcasting and sponsorship rights.
La Liga had said the deal would be worth £2.3bn when it was first unveiled in August. The lower figure announced on Friday reflected the opt-outs and will be shared among the participating clubs and paid over a three-year period, the league said.
Read more/Source: Sky Sports
