LaLiga's deal with CVC Capital Partners has been labelled "totally illegal" by the Spanish Football Federation (RFEF).
The €2.7billion (£2.3bn) arrangement that was announced last week would see private equity firm CVC acquire 10 per cent of the league's commercial business.
The other 90 per cent of the investment was earmarked to boost cash-strapped clubs in the top two tiers of Spanish football amid the coronavirus pandemic.
However, the deal – which must be approved by two thirds of the 42 clubs involved at Thursday's general assembly – was heavily criticised by Real Madrid and Barcelona.
Madrid and Barca allege the agreement affects all clubs' audiovisual rights for the next 50 years, with Los Blancos threatening to take legal action against LaLiga and president Javier Tebas as they were not properly consulted.
In a long statement released on their official website on Wednesday, the RFEF said it is also totally opposed to the proposal that has been put forward.
The statement read: "This operation, carried out with the absence of the slightest publicity and concurrence in the selection of the successful bidder, has two parts. The one related to the commercialisation of audiovisual rights, on the one hand; and the rest of the LNFP businesses, which make up a heterogeneous group, on the other.
"Regarding the agreements between the LNFP and CVC related to the audiovisual rights of sports clubs and corporations, the RFEF must express its opposition.
"Not only for legal reasons, which will undoubtedly generate numerous litigation derived from the agreement and may put its own viability in doubt, since it is intended to force some legal institutions to the extreme; but also for economic reasons, since the rights of clubs and SADs are heavily taxed for the next fifty years in exchange for a small amount of money.
"But the most important thing is that the agreement increases inequality and, in a capital and definitive way, makes a reasonable evolution of the format of professional football competition in Spain impossible.
"Causing that in practice and in application of the agreement the competition is petrified without the possibility of evolution or can only be modified when a third party outside the sports structure so decides or agrees, a fact that flagrantly violates the law and the European sports model.
"In addition, forget about the clubs that play non-professional competitions that, at the time of their promotion to professional competition, will see that their income is reduced by CVC's remuneration, without having obtained any benefit from the contribution of that entity."
The RFEF also claims the agreement with CVC does not account for the clubs who will be promoted to LaLiga further down the line, which would see their income reduced if not paid upfront.
"If there are clubs who, with their own rights, wish to indebt themselves voluntarily, they are free to do so, whether at market rates or extortionate ones, but not through a totally illegal agreement which obliges everyone else, via a false attribution on the part of the LNFP of rights it does not own," the statement continued.
"We consider this attempt to bypass the law and create an agreement which is economically dreadful and deplorable in terms of the future of Spanish football while, in contrast, excellent for an investment fund and other possible beneficiaries.
"The RFEF must also warn that it will not allow during these 50 years any reduction in the contribution from audio-visual rights given to the lower tiers of football."
'Super simple' – Lille president rules out January exit for Jonathan David
Lille president Olivier Letang has categorically ruled out a January exit for forward Jonathan David amid links with a number of European clubs.
David is out of contract at the end of the season and has been touted as a target for the likes of Bayern Munich, Juventus and Barcelona.
Speaking this week, the Canada international named Barcelona as his "dream" club but suggested he would prefer not to leave Lille mid-season.
And in an interview with After Foot RMC, Letang confirmed no bids have yet been tabled ahead of the January window.
"We are not going to sell him in January, and we have not received any offer for him," he said.
"Jonathan's situation is super simple. We are very happy to have him with us.
"Last season he had one more year left on his contract. We were trying to qualify for the Champions League.
"You have a guy who scores 20 to 25 goals a season. We had no obligation to sell him."
David is into his fifth season with Lille and has scored 97 goals in 202 games for the Ligue 1 side in all competitions while assisting a further 18.
Seven of those goals have arrived in 11 appearances this term, including in Champions League games against Real Madrid, Atletico Madrid and Juventus.
The 24-year-old's best league season with Lille saw him score 24 goals in 2022-23, while he has netted 19, 15 and 13 in the other full campaigns.
Lille chief Letang reiterated that David has been offered a new deal to stay on at Stade Pierre-Mauroy, but selling him has never been an option.
"He is a player who scores between 20 and 25 goals and helps us qualify for the Champions League," he said.
"Plus, Jonathan loves Lille, which is his club. Our position was very clear from the beginning – we think of the athlete.
"Obviously, he already has an offer that is in his hands, the ball is in his court."
Guardiola suggests Man City's recent form played part in signing new contract
Pep Guardiola suggested Manchester City's run of four successive defeats was part of the reason for his contract extension.
The 53-year-old recently signed a two-year deal, which will run out in 2027, ending months of speculation about his future after his contract had been due to run out at the end of the campaign.
Following a 2-1 defeat to Brighton before the international break, Guardiola's side have lost each of their last four matches in all competitions for the first time in his managerial career.
"I felt I could not leave now. Maybe the four defeats was why," he told the club's website.
"I think we deserve, after four defeats in a row, to bounce back and try to turn the situation. I think we deserve to be here. I am not arrogant to say, but it's the truth."
Guardiola has led Manchester City to 18 major trophies during his nine-year stint at the club and posted a 72% win ratio.
He added that he was determined to help the club get back to a state where they are "more stable and more consistent".
"We have to recover that because right now we don't have it and that's the target we have to do," he said.
City chairman Khaldoon Al Mubarak added: "Like every City fan, I am delighted that Pep's journey with Manchester City will continue, allowing his dedication, passion and innovative thinking to continue to shape the landscape of the game.
"His hunger for improvement and success remains insatiable and the direct beneficiaries of that will continue to be our players and coaching staff, the culture of our club, and the English game at large."
Leicester's Fatawu ruled out for rest of season with ACL injury
Leicester City manager Steve Cooper confirmed Abdul Fatawu will miss the rest of the season.
The 20-year-old sustained an anterior cruciate ligament injury (ACL) while playing for Ghana against Angola during the international break.
Fatawu has featured in all 11 of Leicester's Premier League matches so far this season and has registered two assists.
No Leicester player has attempted (61) or completed (29) more dribbles than him, while his 30 crosses is also a team-high in the top-flight this season.
"It's not good, it's a serious injury," said Cooper ahead of their match against Chelsea on Saturday.
"It's a real blow, first and foremost for him, being a young player and having an injury as serious as what an ACL is.
"Albeit, it can be quite common in sport, and in particular football, but it's still a serious injury.
"For it to happen at a young age is a blow for him and a blow for us as well.
"He's obviously a big talent and a young player, as exciting as he can be at his age, with lots to learn.
"It's only a pause, and we will make sure, as difficult as it is at the moment for him, that he comes back being a stronger player and person, which, with the mentality and character that he has, I think will be the case."
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