Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Spain federation turns down government cash
Reuters, September 18th, 2012 2:41AM

MOST READ

MOST COMMENTED

The Spanish soccer federation (RFEF) will for the second straight year forego its state subsidy, which for 2013 would be $4 million -- about 3 percent of its annual budget.

The RFEF coffers are full thanks to the national team's phenomenal run in recent years -- two Euro and one World Cup title.

"I have to express thanks for the generous gesture on the part of the soccer federation," Secretary of State for sport Miguel Cardenal said. "It's a sacrifice, it's a significant amount ... which will benefit the other [sports] federations."

Spain's sports federations, already suffering due to a series of reductions in state subsidies, face a new round of hefty cuts forced on the government by the economic crisis.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Bookmakers Slash LVG Exit Odds    
British bookmakers reacted to Manchester United's humiliating 4-0 defeat against Milton Keynes Dons in the Capital ...
Atletico Appeals Simeone's Ban    
Atletico Madrid President Enrique Cerezo on Tuesday said the club would appeal coach Diego Simeone's eight-game ...
Eto'o Signs Two-Year Deal with Everton     
Samuel Eto'o on Tuesday completed a free transfer to Everton, signing a two-year deal with the ...
Warnock Appointed Coach of Crystal Palace     
Crystal Palace on Tuesday signed former coach Neil Warnock on a two-year contract. Warnock, who most ...
Barca Target Douglas to Sign Five-Year Deal     
Barcelona on Tuesday announced that Brazilian right back Douglas will join the club before the end ...
Deila: Celtic 'Not Good Enough' for UCL     
Celtic coach Ronny Deila said his team was "not good enough" to play in this season's ...
Di Maria: I was Forced Out by Real Madrid    
In an open letter to Real Madrid fans, Angel Di Maria reveals that he did not ...
Yeagley: 'They all want to beat Indiana'    
A Big Ten title extended Indiana's streak of consecutive NCAA Tournament appearances to 27, but it ...
Belmont Abbey freshman McGuire remembered on campus    
Belmont Abbey freshman Michael McGuire collapsed following a pre-season fitness test Aug. 16 and died five ...
Report: Benatia Joins Bayern Munich from Roma     
AS Roma on Tuesday sold central defender Mehdi Benatia to Bayern Munich on a five-year contract. ...
>> Section 2 Around the Net Archives