La Liga's record deal
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 23 May 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
Spain's top division La Liga has signed a record investment deal with CVC Capital Partners. Ashish Sharma looks at the terms of the deal - which means CVC invests into a new company that will hold LaLiga’s commercial rights. CVC will hold an 8% stake in the business for the next 50 years.
Ashish Sharma speaks some of the leading figures in the top tier of Spanish football´s La Liga, including Ramon Rubiales the CEO of Real Betis. With the money that his club will receive, Rubiales explains how he plans to rejuvenate the club´s stadium and invest in building restaurants, a hotel and other leisure facilities that will help the club raise more revenues.
Presenter / Producer: Ashish Sharma Image: Benito Villamarin Stadium of Real Betis, Real Betis Sevilla v FC Barcelona, May 7, 2022; Credit: Getty Images
Transcript
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| 0:00.0 | I had this secret. |
| 0:02.9 | I robbed banks in my spare time. |
| 0:06.4 | Lives less ordinary from the BBC World Service. |
| 0:09.6 | This is not a good thing to do because police are after you. |
| 0:14.9 | Find out more at the end of this podcast. |
| 0:44.3 | I'm a bohack. fans in full voice in full voice at the home stadium in Seville in Nando lucia in the south of the country. The players are just emerging from the tunnel |
| 0:46.8 | and the crowd is more than ready to roar them on. |
| 0:50.2 | Away from the pitch though, big changes are happening |
| 0:52.6 | in the way their club and most of the |
| 0:55.1 | clubs who play in the top Spanish league, La Liga, are financed. A huge commercial deal should mean |
| 1:01.3 | big investment. But the flip side is the clubs who have signed up have agreed to give away |
| 1:06.3 | 10% of any commercial returns for the next 50 years. I'm Ashah and today on Business Daily |
| 1:13.9 | I'll investigate this extraordinary deal. In this program we'll hear from clubs like real betties |
| 1:19.9 | who say the deal is a lifeline to them. The most important thing is that this money is not to pay |
| 1:27.0 | the debt or to pay the losses from |
| 1:29.2 | pandemic, from COVID, but it's a money to invest. It's a money to change in the industry |
| 1:34.9 | and we can be more competitive. We'll also hear from those clubs who rejected the deal, |
| 1:40.1 | including two of the biggest in world football, Barcelona and Real Madrid. |
| 1:44.9 | One of Madrid's most well-known and ardent fans gives me his take. |
| 1:49.6 | Economic-wise, we do trust whatever Frantino Perez does. |
| 1:52.7 | That's our president, and Real Madrid has been able to avoid losses during the pandemic. |
| 1:57.3 | It's the only club in the world that has achieved that. |
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