A large part of LaLiga Santander and Liga Smartbank clubs have already announced how they will invest the first income from the agreement reached with CVC that they will receive in the first weeks of 2022.
As stated in the conditions of the agreement, the vast majority will use the money to renovate their stadiums and infrastructures and, in some cases, to undertake the signings of new players with the opening of the winter market.
After a season marked by the impact of the pandemic on the results accounts, the clubs that are part of LaLiga envision a “promising” future, as recognized by several of them, thanks to the approval, last December 10 in The LaLiga Impulso Employers’ Assembly, which brings with it the injection of 1,994 million euros by CVC Capital Partners and whose first income of 400 million euros they will receive at the beginning of this next 2022.
In recent weeks, a large part of the LaLiga Santander and Liga Smartbank clubs have been making progress in what they will invest the money they will receive after signing the agreement and holding their annual meetings with shareholders and partners. Investments that, according to the agreement, should be allocated 70% to infrastructure or development of new businesses, another 15% to improve the salary limit and the remaining 15% to refinance debt.
This is the case of CD Leganés, which is already negotiating with the Madrid City Council the 50-year administrative concession of the Municipal Stadium of Butarque to amortize investment for the remodeling of the enclosure that will need a good part of the 49 million that the pepineros will receive from CVC through LaLiga Impulso. The club has been articulating its relationship with the municipal-owned stadium for 13 years through agreements with the City Council for a duration of between two and four years, so this concession would guarantee the necessary legal security to undertake said investment.
Already in Barcelona, Espanyol, which will receive a total of 78 million with the agreement with CVC, plans to continue improving the Dani Jarque sports city and allocate part of the funds to pay off the net debt of the perico club. In addition, in recent days, from the Catalan club it has been transmitted that they will reserve part of the funds for new signings, which the agreement sets at a maximum of 15% of the total received, for planning the next season and reinforcing the squad , giving up any movement in the winter market that opens on January 1.
In the Turia capital, Valencia CF, announced at its last General Shareholders’ Meeting the investment of 80 million euros from LaLiga Impulso (out of a total of 120.7 million from the British investment fund CVC) at the end of the Nuevo Mestalla , one of the great aspirations of the ché club in recent times, and which according to its president, Anil Murthy, they want to turn “into an entertainment center 24 hours a day, 365 days a year and a center of constant income for the club” . The club resumed talks with Ximo Puig on Tuesday in order to resume the project, which had been paralyzed since February 2009, next year.
For its part, Levante, with a complex year 2021 in terms of sports and economics, is also pending CVC funds, which will allow the club to enter about 70 million euros to undertake its two major projects, the second phase of the remodeling of the Ciutat de Valencia and also the construction of its new sports city, located in the Valencian neighborhood of Nazaret.
Betis, for its part, has already confirmed that it will allocate most of the 95 million that will enter with LaLiga Impulso to finalize the reform of Benito Villamarín, which is missing the new Presidency tier and the visor. In addition, the Verdiblanco club will begin the works of the sports city of Dos Hermanas.
Malaga is another of the Andalusian clubs with great expectations in relation to the investment of the 44 million that will enter through the CVC agreement. In addition to undertaking the reform of La Rosaleda, the club plans to allocate most of the proceeds to the construction of its sports city in Arraijanal, a project that aspires to become one of the most important sports cities in the country.
In the case of Celta de Vigo, its president, Carlos Mouriño, has announced that, in addition to using the money from LaLiga Impulso in the completion of their recently launched Afouteza sports city, it will also allow them to prop up their squad with new signings next season, since they will be able to extend their salary limit.
Another of the northern teams, Real Sociedad, is planning the use of the funds for a reform of Zubieta, its sports city. Among the plans announced by its president, Jokin Aperribay, are the construction of a mini stadium for its affiliate and women’s team, as well as a state-of-the-art medical center and a sports innovation laboratory.