Real Madrid alone is more than $5B ? Maybe you mean to say league association is worth 5B ? That seems too high the association does not have lot of margins they pass through most of their revenue to the clubs .

The last domestic TV deal they signed recently was worth $6B for 5 seasons or so, which is what you are proposing they buy.

In enterprise value terms that $1B/year growing 6 %YoY is worth a lot more than $5B.

In contrast Cloudflare has a $2.5B revenue albeit growing much faster but also has much smaller earnings or free cash flow, I.e. money they are not spending to make their current revenue.

I'm not sure where that number comes from but I don't think it's right, and I don't think that's how La Liga is structured anyway. It's governed by an association of all of the teams in the top two flights of spanish football.

Set an example. Buy them, fire everyone, shut it down and liquidate the property.

Less headaches, free futbol matches!