Thebes is going to try and keep the Neguiera case in the public eye as much as possible.
El Espa?ol published an article with the revealing headline "LaLiga faces economic collapse: DAZN and CVC are considering terminating the contract with Javier Tebas". In response, LaLiga (LFP) issued a statement denying the information contained in the text and threatening to take legal action.
El Espa?ol is reporting that LaLiga's two business partners, the DAZN media platform and the CVC fund, are considering terminating their contracts with the organization due to financial and legal issues. In the case of the first entity, the problem is that investing 470 million euros a year to broadcast five games in a row does not give the expected benefit. DAZN has even had problems in recent months to meet its payment schedule to LFP. According to El Espa?ol, the company had to secure a ?4 billion injection last year from its main shareholder Access Industries to pay off its huge debt.
In total, the platform is expected to pay LaLiga 2.35 billion euros by 2027. According to information provided by El Espa?ol, DAZN had more than 300,000 subscribers in Spain before buying the broadcast rights and 500,000 after. The increase is not as large as expected for such a lucrative deal. According to the portal, if there is no significant increase in revenue in the 2023/2024 season, the company will have difficulties in fulfilling the contract. The article also says that even Thebes was supposed to talk about DAZN's difficulties during the meeting with the TV organ clubs. In turn, a representative of the platform confessed to El Espa?ol that there are no difficulties with the payments and that the termination of the contract is not contemplated, but did not deny that a new payment schedule has been agreed,
In turn, according to El Espa?ol, CVC would have considered the interruption of cooperation because the Sports Law approved in December 2022 does not guarantee the legal certainty of the contract with LaLiga. Yesterday the last hearing was held in the District Court on the precautionary measures requested by Real Madrid, Barcelona and Athletic that oppose the agreement. The aforementioned clubs consider the contract illegal, and the fact that such big brands do not join the contract raises the fund's doubts about further cooperation. The verdict of the court in this case may be announced in the near future. If the claims of these three clubs are confirmed, the imposition of preventive measures may result in the suspension of the entire agreement and the disbursement of funds. On the other hand,
According to El Espa?ol, the CVC is secured by early termination clauses in June 2024. Regardless of the court ruling, the fund can terminate the contract and ask the clubs to return the money with 6% interest. It is not necessary to explain what kind of problems the teams that joined the agreement (38 First and Second Division teams) would find themselves in if this turned out to be true. El Espa?ol contacted CVC about the matter, but CVC declined to comment on the reports.
El Espa?ol also reports that the clubs have invested almost nothing in infrastructure, which was supposed to be one of the conditions of the LaLiga Impulso plan. Five teams did not even present all the documentation required by the LFP. Non-compliance by part of the contract is another concern for the CVC. During one of the conferences, the fund also saw with its own eyes the uncertainty of the clubs due to the court case, and according to some teams, infrastructure spending is too high for their needs.
