Real Madrid planning to sue La Liga over $3.2 billion deal

Real Madrid considers the deal between La Liga and private equity firm CVC to be a misappropriation of its assets.

File Photo: Real Madrid CF got into a tussle with La Liga earlier this year after it spearheaded a breakaway Super League led by its president Florentino Perez.   -  Getty Images

Real Madrid is preparing to launch a legal claim against Spain's top football league La Liga and private equity firm CVC over their proposed multi-billion dollar investment and revenue-sharing deal, online newspaper El Independiente reported.

RELATED | Spanish league secures $3.2 billion in funds to help clubs

The club considers the deal, under which CVC will invest 2.7 billion euros ($3.2 billion) in La Liga in exchange for 10% of its revenue and a 10% stake in most of its business, to be a misappropriation of assets generated by Real Madrid.

Neither Real Madrid nor CVC responded to a request for comment.

A La Liga spokesperson said legal battles between La Liga and Real Madrid are common.

"We have been and are at odds over many topics and there are many open cases between La Liga and the club."

Relations between Real Madrid and La Liga hit new lows earlier this year after the club spearheaded a movement to create a breakaway European Super League with 11 other major teams.

ALSO READ | Spanish league to have crowds of up to 40% capacity

The Spanish football league's Executive Committee, which includes the bosses of Atletico Madrid and Sevilla but not those of Real Madrid or FC Barcelona, approved the planned CVC deal on Wednesday and it will now be put to a vote by all league members.

For more updates, follow Sportstar on :