Andorra joins the LaLiga alliance with the CVC fund

08/08/2022 at 19:27

EST


LaLiga Impulso allocates an item to promoted clubs that gives them access to 34% of the funds

To receive this injection of capital, the clubs must send their investment plans and the corresponding documentation

Andorra, like the rest of the teams recently promoted to LaLiga SmartBank, Racing, Albacete and Villarreal B, has joined LaLiga Impulso, the strategic alliance with the CVC fund to have access to an economic injection that helps accelerate their professionalization and development .

The president of Andorra, Ferran Vilaseca, has pointed out: “It will surely help us in our ambition to create the necessary ecosystem to stabilize the club sportingly and structurally, especially with the creation of new infrastructures“.

As stated in the agreement, CVC’s investment in LaLiga Impulso allocates a game to promoted clubs that gives them access to 34% of the funds. The schedule established to receive the money is as follows: August 2022, 34%; June 2023, 16%; June 2024, 25% and in June 2025, the remaining 25%.

To receive this injection of capital, the clubs must send their investment plans and the corresponding documentation that guarantees that the planned investments meet the conditions established in LaLiga Impulso.

LaLiga Impulso provides that the funds received by the clubs have a finalist nature and the signatory clubs undertake to invest allocating a maximum of 15% to register players, another 15% to reduce debt and 70% to improve infrastructure and club development in the field of international development, brand and product, innovation and technology and digitization and social networks.

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