Real Madrid and Fc Barcelona are also supporters of the Premier League, an alternative to the UEFA Champions League that has been criticized by La Liga and other domestic competitions. The El Clasico fans can buy El Clasico Tickets from our website.
An alternative to the Spanish League’s own future investment plans, the three clubs said on Friday that Real Madrid, Barcelona, and Athletic Bilbao have proposed.
The club declined to participate in the proposed investment plan between the league and private equity firm CVC in August, and the league stated it would inject 2.7 billion euros ($3.2 billion) into Spanish soccer.
Critics reiterated their position in a letter to members of the league, calling it “destructive to Spanish football and, moreover, there are serious violations”.
“Obtain the same capital provided by CVC at an infinitely better cost”, the three clubs stated that they have prepared an alternative investment plan. They said their plan will save the club more than 12 billion euros (13.5 billion dollars).
But the Spanish League confirmed media reports, the letter published by the three clubs did not identify the source of the proposed investment that the alternative proposed a plan funded by JP Morgan Chase, Bank of America, and HSBC.
However, the alliance expressed doubts about the participation of banks and the data from Madrid, Fc Barcelona, and Bilbao, stating that “we do not know how (the three clubs) came up with such a low-profile initiative.”
Of the 42 clubs from the first and second divisions of Spain, 38 clubs voted for the CVC deal.
Madrid and Barcelona are also supporters of the Premier League, which is a substitute for the Champions League which has been criticized by the Spanish League and other domestic competitions.
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