Real Madrid to take legal action against La Liga

Real Madrid say they will take legal action against La Liga and the investment fund CVC to stop a proposed agreement between the two that would mean a 2.7 billion windfall for the Spanish League in exchange for ten per cent of television revenue over the next 50 years.

League president Javier Tebas immediately responded with a tweet accusing the club’s president Florentino Perez of employing threatening tactics.

Real Madrid issued a statement Tuesday saying they had decided to: ‘carry out all legal action deemed appropriate to annul the possible agreement that La Liga adopts in its next assembly on August 12’.