The Spanish La Liga are working on increasing their global dominance and likewise rival other leagues in global dominance by securing huge funding of $3.2 billion (€2.7 billion) to help in boosting the clubs’ finances and subsequently in the coming years, increase the revenue generation rate of the clubs.
The Executive Committee of The Spanish La Liga unanimously agreed to the deal which will see their clubs increase their rate of spending, especially since most of the clubs have suffered financial loss due to the global pandemic.
The funding will also help La Liga clubs to be able to secure big-name signings which will draw the attention of the world to the Spanish league.
With the boost in financial capability, it will help Barcelona as a matter of urgency, secure a new contract for their talisman Lionel Messi.
The Argentine whose future is still undecided is now a free agent after his contract expired at the end of the season.
While Messi is still on holiday following his Copa America title win, the club remains confident they can get their longest ever serving player to sign a new contract however he has not made it officially known if he will remain at the club.
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Recently, a picture of Messi together with PSG players: Neymar, Angel Di Maria, Marco Verratti and Leonardo Paredes together seems to have steered controversy within Barcelona fueling rumours he may be on his way out of the club.
Many believe it was the reason La Liga swung into action as Messi has been a huge source of revenue to the league.
The agreement was tagged “Boost La Liga” a strategic agreement with International investment fund CVC capital partners.
The deal still has to pass through the general assembly of the league and the majority from the first and second divisions have to give their approval for the deal to go through.
“I think there could be one or two clubs that won’t agree with it, but this is positive for soccer in general,” Real Betis president Ángel Haro told The Associated Press.
“The clubs would be getting a very relevant amount of money to help improve the teams and the clubs’ infrastructures in general. This makes the league stronger.”
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