The reported agreement would give investors between 35% and 49% of Liga F’s future commercial revenues until June 2051. Affiliated clubs would share €40 million, but would also surrender a percentage of income for 25 years.
That split explains Madrid’s hesitation. External investment could accelerate marketing, broadcasting and commercial growth, yet the length of the commitment limits the influence of clubs over future revenues. A quarter of the competition’s clubs reportedly chose not to join, creating an immediate divide over how Liga F should grow.
Madrid’s argument extends beyond the initial distribution. The club reportedly believes teams joining Liga F later could inherit a model they neither approved nor benefited from financially.
That raises a central question for the league: can a voluntary agreement remain commercially attractive without creating two tiers of treatment? If clubs outside the arrangement face weaker access to revenue, influence or institutional support, the investment could reshape the competition’s balance even before the money is fully deployed.
The report says Madrid respects the clubs backing the initiative but wants its decision to remain neutral in practice. That position places pressure on Liga F to demonstrate that investment will strengthen the competition collectively rather than reward only participating clubs.
The next stage will be the response from Liga F and the negotiating space between the league and its most prominent holdout. The proposed €55 million may provide valuable momentum, but the project’s credibility will depend on whether commercial ambition can coexist with equal treatment and club autonomy.