Hey Sports Tech Fans,
Things are really heating up in Spain with Barcelona announcing that Messi will be leaving the club after 23 years.
LaLiga also announced a $3 billion investment by CVC Capital Partners in return for 10% of the league.
It’s no secret that the league and by extension its teams are struggling financially since Covid, so a deal like this shouldn’t come as too much of a surprise, especially with CVC as they have been busy acquiring sports leagues, most notably in Rugby Union.
But the news has not gone down well with Barcelona and Real Madrid as they had no prior knowledge of the deal before it was announced.
Part of the thinking of Barcelona announcing that Messi is leaving is that it is a power play by the Catalan club and its new president Joan Laporta to get LaLiga to back down from its financial fair play rules as a LaLiga without Messi is inherently less appealing, especially with no Ronaldo to draw fans in.
This is all happening with the backdrop of the breakaway league which last week won a court case against UEFA for the punishments handed out.
Barcelona, Juventus and Real Madrid are still adamant that they will continue to pursue the new league after their court case victory despite the Premier League clubs backing away from the league and accepting their punishments.
I said at the time that this would continue in the background and will pop back up again and with this latest development in Spain, it’s clear to me at least that the Spanish clubs will fight their corner even harder now.
Have a great sporting weekend,