A big majority of Spain’s high soccer golf equipment have confirmed an funding plan with a personal fairness agency, with the notable exceptions of Real Madrid and Barcelona, ​​the league stated on Friday.
The league stated 37 of the 42 golf equipment that make up Spain’s first and second divisions backed the enterprise with personal fairness agency CVC to place 1.9 billion euros ($2.1 billion) into the competitions.
Madrid, Barcelona and fellow topflight membership Athletic Bilbao have criticized the enterprise that was first introduced by the league earlier this yr. He not too long ago tried to advertise another funding scheme via banks, which he stated would supply higher phrases.
Informational Note: The Extraordinary Assembly ratifies the LaLiga Impulso mission by a majority vote.
— LaLiga (@LaLiga) December 10, 2021
The league said that 70% of the cash coming into golf equipment “should be used for infrastructure, international development, brand and product placement, communications strategy, investments involving innovation and technology, and a content plan for digital platforms and social media”. “
Only 15% can be utilized for brand new participant signings. Another 15% will likely be allotted to repay the mortgage.
The two different golf equipment that dropped out weren’t named by the league.
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With inputs from TheIndianEXPRESS
