FILE PHOTO: Soccer Football - La Liga Santander - Atletico Madrid receive La Liga trophy - Wanda Metropolitano, Madrid, Spain - May 23, 2021 Atletico Madrid's Luis Suarez, Angel Correa and teammates celebrate with the trophy after winning La Liga REUTERS/Susana Vera
MADRID (Reuters) - Spain's top soccer league and private equity firm CVC plan to launch their own streaming platform, Spanish online paper El Confidencial reported on Monday, a move that would challenge telecom firms which offer match streaming in their packages.
La Liga agreed last week to a deal in which CVC would invest 2.7 billion euros ($3.18 billion) for 10% revenue and a 10% stake in a newly formed company housing a range of the league's commercial activities.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
