Real Madrid will take civil and criminal legal action against Javier Tebas over the CVC investment deal.
CVC will inject 2.7 billion euros in the league in exchange for a 10% stake and 10% revenue in most of its business.
La Liga will need two-thirds of the 42 voting members to get the deal pass through.
Real Madrid will do everything in favour to prevent the deal from taking place.
— Real Madrid C.F. (@realmadrid) August 10, 2021
A club statement read: “Real Madrid C.F. Board of Directors unanimously agreed to initiate both civil and criminal legal action against the LaLiga President, Mr Javier Tebas Medrano, Mr Javier de Jaime Guijarro, head of the CVC Fund, and against the CVC Capital Partners SICAV-FIS Fund itself.
“In addition, the Board of Directors has resolved to take any legal action it considers appropriate to annul and render ineffective any possible resolutions adopted by the LaLiga Assembly, due to be held on Aug. 12 2021, in relation to the agreement between LaLiga and the CVC Fund.”