A further four teams – including top-tier club Malaga and second division clubs Real Betis, Celta Vigo and Girona – have yet to make a decision. Clubs have until midnight tonight to sign up to the proposal or face the possibility of a penalty should they subsequently agree to join.
Top-tier teams Sevilla, Athletic Bilbao, Villarreal, Espanyol, Zaragoza, Real Sociedad have all expressed their opposition to the plan, as have Segunda LIga club Villarreal B.
Sevilla president Jose Maria Del Nido said: “With this proposed system of sharing money, the title is already sold for the next 10 years”.
The Real Madrid-Barcelona proposal guarantees the Segunda clubs nine per cent of the total revenue generated, more than double the current amount, and will provide parachute payments for the three clubs relegated each year from the top division.
Real Madrid and Barcelona will reduce their share from the existing 40 per cent of total revenues to 34 per cent and Atletico Madrid and Valencia will reduce their share from 13 per cent to 11 per cent.
The difference between the clubs earning the most and least will be reduced from 130 per cent at present to about 70-80 per cent.
Participating Primera Division clubs
Real Madrid, Barcelona, Atletico Madrid, Valencia, Deportivo, Levante, Hercules, Sporting, Racing, Getafe, Almeria, Osasuna, Mallorca.
Participating Segunda Division clubs
Rayo Vallecano, Barcelona B, Valladolid, Salamanca, Granada, Las Palmas, Alcorcon, Elche, Xerez, Cartagena, Cordoba, Ponferradina, Huesca, Gimnastic, Recreativo, Tenerife, Numancia, Albacete.