Real Madrid, Barcelona and Athletic Bilbao have introduced another plan to the Spanish league’s future funding plan, the three golf equipment stated on Friday.
Clubs declined to take part within the league’s proposed funding plan with personal fairness agency CVC in August, which the league stated would make investments 2.7 billion euros ($3.2 billion) in Spanish soccer.
Opponents reiterated their place in a letter despatched to fellow league members, calling it “disastrous for Spanish soccer and, moreover, with serious irregularities”.
Instead, the three golf equipment stated they’ve organized another funding plan to amass “the same capital provided by the CVC at infinitely better costs”. He says his plan will save golf equipment greater than 12 billion euros ($13.5 billion).
The letter made public by the three golf equipment didn’t specify the supply of the proposed funding, however the Spanish league confirmed media studies that the choice plan proposed was funded by banks JPMorgan, Bank of America and HSBC.
The league, nonetheless, forged doubt on each the involvement of banks and the figures introduced by Madrid, Barcelona and Bilbao, saying “we don’t know how (the three clubs) could present such a lousy initiative.”
Thirty-eight of the 42 golf equipment within the First and Second Division in Spain voted in favor of the CVC deal.
Madrid and Barcelona are additionally supporters of the Super League, a substitute for the Champions League that has been criticized by the Spanish league and different home competitions.
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With inputs from TheIndianEXPRESS
