Spain's La Liga to sell 10-percent stake to CVC for 2.7 billion euros
- Sports
- AFP
- Published Date: 10:11 | 04 August 2021
- Modified Date: 10:11 | 04 August 2021
Spain's top football league said Wednesday it has agreed in principle to sell 10 percent of its business to private equity firm CVC Capital Partners for 2.7 billion euros ($3.2 billion) to help finance its long-term growth plans.
The deal for the ownership stake, the first of its type by a major European league, values La Liga at around 24.2 billion euros, the league said in a statement.