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CVC, the investment fund that was looking for a piece of the football pie

The operation will be carried out through the creation of a new company in which LaLiga will concentrate its businesses Bosnia and Herzegovina Email List, subsidiaries and joint ventures and in which CVC will have a 10% stake. Regarding the influence that the risk fund could have on organizational matters, the Spanish entity has informed that it will keep intact its sports and organizational skills, as well as the management of the commercialization of television rights.

CVC manages assets worth almost 100,000 million euros in different industries
CVC is one of the most important venture capital entities. Founded in the United Kingdom in 1981, although based in Luxembourg, it manages assets worth almost € 100 billion and has been linked to other sports entertainment industries such as MotoGP, which it owned until 2006, when the business was taken over. from Dorna Sports; or Formula 1. It is currently linked to other tournaments in this industry such as the English Premiership Rugby, it has an agreement with the International Volleyball Federation, but it also has strategic stakes in other sectors.

In Spain, its most important presence is through Naturgy, from which it bought 20% of Repsol’s shares in 2018. It should be noted that here CVC has another open front after the recent takeover by the Australian group IMF on the energy company. This fund also controls, together with Pai Partners, 100% of Tendam, a group that includes brands such as Cortefiel, Pedro del Hierro and Springfield. It also owns 26% of CLH, a company dedicated to the management of hydrocarbons; and in the past it made other capital injections in companies in our country such as Koipe, Hojiblanca or Carbonell.

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But CVC’s main objective in recent times was to hold a piece of the European football pie, aware of its moment of weakness and the opportunities that this generates. In February, the fund offered an advance of 250 million euros to the clubs of the Italian Serie A with the aim of, as has happened with LaLiga, to obtain a significant percentage of the business of this competition, but the operation did not end up bearing fruit. Likewise, it tried with the German Bundesliga, from which it wanted to buy its digital and audiovisual rights abroad, but this movement also remained entrenched, as in the Italian case, by the brake that both competitions put on the entries of the funds .

“The agreement with CVC will revolutionize the management model of football clubs and will make the competition much more attractive and exciting. There will be better facilities, better players and a better fan experience; all this supported by a competition model that will be more digital, more focused on the generation and analysis of data and more international ”, defended Javier Tebas before the representatives of the clubs that have ratified the agreements and among which were also presidents and Maximum shareholders of Sports Limited Companies of Liga SmartBank (Second Division) socialposts.

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