Stalemate in the Spanish championship. La Liga communicated through its director of the Clubs Office, Jaime Blanco, that: “The teams must present a project with valid economic foundations which must be approved”.
In this sense, until such evidence arrives, the league will not provide the last remaining payment (equal to 350 million euros) deriving from the agreement signed in 2021 with the CVC fund.
The conditions set by LaLiga for the realization of the project provided that at least 70% would be allocated to investments for the growth of the club. With the remaining 30% there was the possibility of optimizing the financial structure (15% of the total) and strengthening the teams (another 15%).
In this sense, the clubs have shown significant growth in the last two years thanks to these financial improvements. Likewise, Spanish football currently represents 1.4% of Gross Domestic Product (GDP), an increase of almost double in a decade. The economic impact of professional football reaches 18,350 million euros and represents 194,381 jobs.
The situation in Ligue 1 and Bundesliga
In Europe, others, such as Ligue 1 and the German Football League (DFL), have also followed the path opened by Spain. Last November, the top French football competition signed an agreement with the CVC investment fund for the exploitation of its audiovisual rights.
This deal resulted in an injection of 1.5 billion euros into the French league, but there is an important difference compared to the Spanish case.
Ligue 1 would have to compensate the investment fund in the event that one of the clubs belonging to the championship entered another competition, such as the Super League.
Meanwhile, in early May 2023, it was revealed that the German Football League (DFL), which includes the Bundesliga and Bundesliga 2 teams, was looking for an external investor to pump €2 billion into the system.
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