Spanish football to be regulated 25/05/2010 |
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Spain is planning to install a financial regulator for professional football after research showed that 16 of the top 20 teams in the country were unprofitable last year.
The regulator would suspend teams that fall behind with payments, Jaime Lissavetzky, secretary of state for sports, said.
“We are living in an economic crisis and the reason is a lack of regulation,” Lissavetzky is quoted as saying on Bloomberg. “If one of these clubs that people have in their blood disappears, it will be terrible.”
The combined debt of Spain’s 20 first-division teams rose 1 per cent to 3.5bn Euros at the end of the 2008/09 season, when Real Madrid, Barcelona, Numancia and Malaga were the only clubs to break even, according to research by Barcelona University professor Jose Maria Gay.
“Our clubs are spending above their means,” Gay said in a report published last week. “Financial clean-up measures are urgently required.”
Separately, Lissavetzky rejected a request by 27 of Spain’s top 42 clubs that asked the Government to require league television rights to be negotiated collectively.
By bargaining individually, Real Madrid and Barcelona get about half of the 520m Euros a year the league generates in domestic broadcast revenue. Lissavetzky said it is up to clubs to thrash out an agreement.
“They have to all sit down at the table and come up with a model,” he added.
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