TOKYO — Spain’s top soccer league has agreed to a deal in principle to sell 10 percent of its business to a private equity firm, CVC Capital Partners, for around $3 billion, according to executives with knowledge of the deal.
If approved by the league’s clubs, the deal could help the league’s cash-strapped teams, including giant ones like F.C. Barcelona, repair their finances and ease a cash crunch caused by the coronavirus pandemic.
CVC, a major sports investor, has been trying to strike similar deals with major leagues across Europe in recent years. It nearly reached a similar agreement with Italy’s Serie A for a share of that league’s media rights business before the deal faltered over objections from a group of teams.