Hedge fund giant pumps €2bn into Spanish soccer to keep ball rolling

A total of 37 clubs have voted in favour of the 'LaLiga Boost' deal that buys private equity fund CVC an 8.2% stake in a new company that will get revenues from LaLiga broadcasting and sponsorship rights

Spain's LaLiga football league has agreed a near €2bn investment deal with private equity giant CVC Capital Partners, but heavyweight clubs like Barcelona and Real Madrid have refused to sign up to the deal.

Spain's top soccer clubs have approved a near €2bn investment from private equity fund CVC Capital Partners in the first deal of its kind in Europe, though four clubs – including Barcelona and Real Madrid – opted out.

A total of 37 clubs have voted in favour of the "LaLiga Boost" deal that buys CVC an 8.2% stake in a new company that will get revenues from LaLiga broadcasting and sponsorship rights.