They are not okay with it, they first in march tried to get it annulled that was rejected by the courts [1]. Now they are appealing in the constitutional court [2]. Spanish sources:

[1] https://www.genbeta.com/actualidad/gol-laliga-a-cloudflare-j...

[2] https://www.xataka.com/legislacion-y-derechos/bloqueos-ip-la...

Cloudflare also said they are prepared to go all the way to EU courts if necessary.