🇪🇸 A vulture fund stalking Spain at the World Cup | OneFootball

The Football World Cup is facing an unexpected conflict for the Spanish national team in U.S. court offices. An investment fund, Blasket Renewable Investments, has launched an aggressive legal strategy to freeze payments that the Royal Spanish Football Federation (RFEF) makes to its suppliers during the tournament.

Why is this happening? It all stems from the international litigation Spain has been dragging on for more than a decade over cuts to renewable energy. As the compensation ordered by arbitration courts has not been paid, this financial group is now trying to seize state assets abroad to collect the debt.

The process has been extended to all World Cup host locations. In this way, the fund has filed the claim in key states such as New York, Texas, Florida, and California. The ultimate goal is to intervene in the national team’s financial transactions with its logistics and commercial partners.

A relentless legal offensive

The legal offensive has already reached top-level entities. The fund has sent court orders directly to FIFA, sportswear company Adidas, and hotel chain Hilton, where the Spanish delegation will be staying, in order to withhold payments totaling 74 million euros.

For its part, the Spanish government has sought to play down tensions surrounding this scenario. The Ministry for Ecological Transition says this is a maneuver aimed solely at generating media impact. Government sources recall that the RFEF is a private entity and completely independent from the state, so its sporting operations should remain entirely outside this legal dispute.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.

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