The La Liga deal & PE
Private equity firm CVC plans to inject USD3.2 billion in Spain’s La Liga, which covers Spain's top two soccer divisions, in exchange for nearly 11 per cent of its television rights over 50 years, a deal which is currently being contested by two of its heavyweights: Real Madrid CF and FC Barcelona.
We’ve seen mounting investor interest in the sports sector recently – and particularly European football clubs. In this podcast, Private Equity Wire chats to Luis Garcia Alvarez, manager of the Madrid-based MAPFRE AM Behavioural Fund, which has a 10 per cent exposure to European football clubs including Dortmund and Ajax.
The conversation delves into topics including the operational improvements that could be made within European sports clubs, and the challenges that could arise once the deal has completed, why US investors are turning toward the European sports sector, and what differences we’re seeing in terms of the sports deals taking place in the US vs those in Europe.