Spanish League Club Will Control Spending

Posted on | Thursday, June 23, 2011 | No Comments

Madrid - Spanish League to be one of the competition with a high level of popularity. But as soon as financially clubs in the State Matador is not good. Authority of the Spanish league club plans to control spending.
In recent years, increasing the prestige of La Liga. World-class players took part in the competitions highest caste in Espana.
Indeed, the prestige, the name, La Liga was brilliant. But behind it all, financially the club is not good.
Research Jose Maria Gay, professor of accounting at the University of Barcelona shows that the situation continues to deteriorate from year to year.
"The country is European champion and world champion. We have a tremendous Barcelona and Real Madrid's famous, but Spanish football caught in a storm of economic and financial damage," said Gay.
From the results of recent studies conducted Gay, 20 clubs in La Liga showed a net loss of 100 million euros in June 2010.
Club's total debt was 3.43 billion euros. Value of the debt was down from previous seasons, but the figure is twice that of the club's revenue 1.61 billion euros.
"Football is like Spain was walking on a rope. The bad thing is that nothing whatever is done to address the serious situation is more acute from season to season," said Gay.
Authority of the Spanish League (LFP) is planning to exercise control over expenditure does not return the club to get caught up in financial trouble and debt.
"Spanish Football and La Liga in particular, have earned praise globally and we have to balance it all with the economic management of the club," said LFP president Jose Luis Astiazaran was quoted by Reuters.
"It is time to reconcile the perfection of the aspects of the sport that we have with the perfection of financial terms."
Astiazaran said that such control measures might be perceived weight for a number of clubs. "Spanish football needs to move forward toward a country that became an example as the party able to pay his debts."
"Of the clubs that are members of the LFP currently has a number of dysfunction (in terms of financial management). We have to control it and we will make some decisions that may not be fun," he added.