What is known about the fund that will flood LaLiga with millions

It is a world leader in private equity. He invested in Formula 1, MotoGP and was one step away from reaching an agreement with Serie A.

What-is-known-about-the-fund-that-will-flood-LaLiga-with-millions

The arrival of the CVC fund to LaLiga and its investment of 2,700 million euros, in Italy, increases the feeling of having lost a huge opportunity. The investment fund was negotiating for months with the Calcio clubs, and just when, in November 2020, the agreement was about to be closed, several teams dissociated themselves, led by the president of Juventus. Those were defined "Judas and traitors" by Urbano Cairo, during the hot days of the Super League, as 'La Repubblica' recounted. In the assemblies, the Torino president accused Andrea Agnelli: "You sabotaged the negotiation knowing that you were going to do the Super League."

While in Serie A they are desperate for the 1.7 billion lost, in Spain they can celebrate an arrival that will undoubtedly strengthen the championship. Established in 1981, CVC is a world leader in private equity, with $ 114.8 billion of assets under management, managing funds from more than 300 investors around the world with activities between Europe and Asia.

Breakdown of activities

Sport is one of the main ones: between 2005 and 2006, CVC acquired 70% of the Formula One Management group, which in 2016 it transferred to the Liberty Media group for 4.4 billion euros. CVC also invested in MotoGP, Premiership Rugby, and the Six Nations Tournament. The fund also operates in the pharmaceutical industry, while its investees in Spain are currently Grupo Cortefiel, Naturgy, Deoleo, CLH, Universidad Alfonso X el Sabio and Vitalia Home.



Photos from as.com
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