Lionel Messi | Joins Inter Miami (pg4111)

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Pollocks OG said:
Is there a quick way to translate?
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Real Madrid, before the announcement of the agreement reached between LaLiga and the CVC fund, states the following:

- This agreement was made without the participation of Real Madrid and without their knowledge and LaLiga has allowed for the first time today that we have limited access to the terms of the agreement.

- The clubs have assigned the audiovisual rights exclusively for their commercialization under a competitive regime and for a period of 3 years. This agreement, using a deceptive structure, expropriates from the clubs 10.95% of their audiovisual rights for 50 years and against the law.

- The negotiation has been done without a competitive process and the economic conditions agreed with the CVC fund give it returns of more than 20% per year. It is this same opportunistic fund that unsuccessfully tried similar deals with the Italian and German leagues.

- Real Madrid cannot support an operation that gives investors the future of 42 First and Second Division clubs and the future of the clubs that will qualify during these 50 years.

- Real Madrid will convene the assembly of compromise partners to discuss the agreement and the significant capital losses unprecedented in our 119-year history.
 
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