MADRID, Aug 10: Real Madrid will take legal action against the president of the Spanish league over a multi billion-dollar deal with an investment fund, the club said on Tuesday.
Madrid said its board of directors unanimously agreed “to initiate both civil and criminal legal action” against Javier Tebas and the head of investment fund CVC Capital Partners, Javier de Jaime Guijarro. It also said it will take legal action against the fund itself.
The club said it will “take any legal action it considers appropriate to annul and render ineffective any possible resolutions adopted” by the league’s general assembly.
The majority of the 42 teams in the first and second divisions of Spanish soccer must approve the agreement, which would bring in 2.7 billion euros to boost clubs’ finances and help the league move closer to cutting into the Premier League’s global dominance. (AP)
