The president of Real Madrid firmly defended the Superliga project and was very critical of the agreement between the Spanish LaLiga and the CVC investment fund.
The partners of Real Madrid agreed this Saturday to increase the debt to finance by 225 million, to a maximum of 30 years, new works at the Santiago Bernabéu, in an Assembly in which Florentino Pérez firmly defended the project of the European Super League and he was very critical of the Spanish LaLiga agreement and the CVC investment fund.
“You have to remind UEFA who Real Madrid is,” Florentino Pérez said forcefully after praising the changes that the Super League would bring. It was born from “a reflection of the future of football”, which he said “will die little by little” in its current format.
After a message of gratitude to Zinedine Zidane, Sergio Ramos, Raphael Varane and Felipe Reyes, Pérez claimed the creation of the Super League, a project that “is freedom, so that the clubs are masters of our destiny and that we can manage international competitions as we manage the national ones “
“It is Financial Fair Play, the project that will finally respect and cut that clubs receive support that corrupts the competition and leads football to ruin,” he said while trusting the resolution of the Union Court of Justice against the “monopoly” of UEFA.
The president turned to history to ensure that Real Madrid has always supported changes for the evolution of football and that “it is the only club in the world that founded FIFA and that promoted the European Cup that changed the history of football.”
“UEFA showed opposition and the Santiago Bernabéu suffered threats for two years. Now it is similar. Justice has protected and protected the Super League, leaving without effect the shameful fines to the other nine founding clubs, ”he added before arguing his rejection of LaLiga’s agreement with the CVC investment fund, which was rejected by the German and Italian clubs.
In his opinion, “mortgaging the future of a club for 50 years is an unaffordable operation”, so advocated looking for structures that “are legal, financially reasonable, which will be more advantageous and sensible than CVC’s proposals ”.
“There are much more reasonable sources of financing and they should be exploited before being imprisoned in an operation in which the fund will be the great beneficiary. Today money is worth very little. 30-year loans can be obtained with fixed interest of less than 2%. Why do we have to get into this mess? ”, He maintained.
Remodeling of the Santiago Bernabéu stadium
The new loan to remodel the Bernabéu was another of the points addressed by the president, which exposed it as a necessary investment for some works “not initially included, for an engineering issue that has been difficult to find “and that” are essential to generate additional income much higher than expected. “
“It will be a before and after for our stadium and for Madrid. December 14 marks the 74th anniversary of its inauguration. It was built with the strength of Madridismo and the impulse of Santiago Bernabeú. It is up to all of us to complete this challenge. The best stadium, with the best players and the best fans in the world. It will be the pride of Madrid and a reference point for our values, ”he said.
The partners said yes -1,562 votes in favor, 16 against and 37 abstentions- to this operation for 225 million euros, within a maximum period of 30 years, that it will not affect the financial situation of the club, according to its directive.
Till the date, the club has invested 279 million and the initial loan approved three years ago of 575 million includes a 3-year grace period, which means that Real Madrid will begin to pay it after completing the reform.
The membership dues for the coming season and the club’s accounts that put the net worth at 534 million; close the 2020-2021 financial year with a profit of € 874,000 and they expect to increase revenue by 42 million.
In this, they were also approved in a face-to-face and telematic assembly, in which the name of Kylian Mbappé was intuited when Pérez said that “the appropriate steps are being taken to give new impetus” to the squad. (D).
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