Real Madrid will initiate both civil and criminal legal action against La Liga president Javier Tebas over his agreement with CVC Fund, the club have confirmed.
"At its meeting today at 11 am (CEST), the 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," Madrid's official statement on Tuesday reads.
"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 12 August 2021, in relation to the agreement between LaLiga and the CVC Fund."
The €2.7bn agreement between La Liga and CVC Fund hasn't gone well with both Madrid and Barcelona who consider it 'illegal' as it was stuck behind their backs.
