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Real Madrid, Barcelona Present La Liga바카라s Alternative Future Investment Plan

La Liga in August proposed an investment scheme stating private equity firm CVC would inject 2.7 billion euros ($3.2 billion) into Spanish football. 38 out of 42 clubs from the first and second divisions in Spain voted in favor of the CVC deal.

Real Madrid, Barcelona Present La Liga바카라s Alternative Future Investment Plan
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Real Madrid, Barcelona and Athletic Bilbao have presented an alternative scheme to La Liga바카라s own future investment plan, the three clubs said. (More Football News)

The clubs refused in August to participate the league's proposed investment scheme with private equity firm CVC, which the league said would inject 2.7 billion euros ($3.2 billion) into Spanish football.

The detractors reiterated their position in a letter sent to fellow league members, calling it 바카라ruinous for Spanish soccer and, besides, with serious irregularities.바카라

Instead, the three clubs said that they have arranged an alternative investment plan to acquire 바카라the same capital offered by CVC with infinitely better costs.바카라 They say their plan would save the clubs more than 12 billion euros ($13.5 billion).

The letter, made public by the three clubs, did not specify the source of the proposed investment, but the Spanish league confirmed media reports that the alternative scheme proposed a plan funded by JP Morgan, Bank of America and HSBC banks.

The league, however, put into doubt both the involvement of the banks and the figures offered by Madrid, Barcelona and Bilbao, saying 바카라we don't know how (the three clubs) can present such a shoddy initiative.바카라

Thirty-eight of the 42 clubs from the first and second divisions in Spain voted in favour of the CVC deal. Madrid and Barcelona are also backers of the Super League, an alternative to the Champions League that the Spanish league and other domestic competitions have criticized. 

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