Real Madrid has announced legal action against La Liga president Javier Tebas and private equity firm CVC Capital Partners.
La Liga last week secured a deal worth 2.7 billion euros (3.1 billion dollars) with CVC to boost Spanish clubs amid the coronavirus pandemic, with 90 per cent of the investment earmarked for their use.
However, CVC will have a ten per cent stake in a new business, which is being formed with a focus on the league’s commercial ventures.
It insisted the agreement doesn’t cover league management or broadcast rights, but Real Madrid and rivals FC Barcelona both announced their opposition to the deal.
They claimed audio-visual rights would be affected and they had not been properly consulted.
Real Madrid is now going a step further, with a rumoured legal challenge confirmed in a club statement on Tuesday.
“The board of directors of Real Madrid…has unanimously agreed to carry out both civil and criminal legal actions against the president of La Liga, Javier Tebas Medrano, against Javier de Jaime Guijarro, responsible for the CVC fund, and against the CVC Capital Partners fund itself,” the statement read.
“Likewise, the board of directors has also decided to carry out the legal actions of all kinds that are understood to be appropriate to annul and cancel the possible agreements adopted by the assembly of La Liga, to be held on Thursday, regarding the agreement between La Liga and the CVC fund.”
Tebas was quick to respond via his Twitter account, taking aim at Real Madrid president Florentino Perez.
“The threatening methods that FP [Perez] has been using in private for years is now being transferred to the public,” he wrote.
“Clubs and institutions have been supporting their threats for years.
“Since 2015 against the centralised sale, the constant challenges of agreements, the Super League…
“Real Madrid deserves more.”
Playing behind closed doors last season, Real Madrid has been heavily impacted by the pandemic but have worked to limit the damage.
