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 Wants to Centralize Soccer TV Revenues
ESPN FC, June 28th, 2013 2:21PM

MOST READ
TAGS:  barcelona, real madrid, spain


Spain’s government is pushing for a new law that will centralize the way television rights are sold to Spanish soccer teams. Currently, each team negotiates television deals individually, with the net result being that Real Madrid and Barcelona make more than twice as much in TV revenues than even Atletico Madrid, this year’s third-placed team in La Liga. The measure would put the Spanish soccer league in control of the collective sale of TV rights.

The change has been proposed because many Spanish soccer teams have shoddy finances: according to Miguel Cardenal, president of Spain’s Sports Council, the country’s soccer teams have a collective debt totaling $5.2 billion, with some $874 million owed to Spanish tax authorities. Cardenal claims that centralizing the sale of TV rights would not only improve revenues for heavily indebted smaller clubs, but it would also allow the tax authorities to be the first to get paid. He added that clubs that aren’t up to date on their finances would pay a penalty worth 35 percent of their TV revenues.

Cardenal admitted that the push to balance club finances would naturally lead to more players being sold to foreign leagues and possibly to a widening of the gap between Barca and Real and the rest of La Liga. "We have become an exporting country," Cardenal said. "It's a historic change and Spanish football has to recognize it."

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
Guardiola: I Would Leave Bayern if Asked    
Bayern Munich coach Pep Guardiola said he would be happy to leave the German giant after ...
Hazard a 'Major Doubt' for UCL Semi    
Chelsea on Friday confirmed that playmaker Eden Hazard is "major doubt" for Tuesday's UEFA Champions League ...
Neymar to Miss at Least Four Weeks     
Barcelona starlet Neymar looks set to miss the rest of the season after suffering an injury ...
Klinsmann on Altidore's Situation    
In the latest edition of Road to the Roster, U.S. men's national team coach Jurgen Klinsmann ...
Liverpool Players Lead PFA Awards Lists     
Liverpool trio Luis Suarez, Daniel Sturridge and Steven Gerrard were nominated for the Professional Footballers' Association's ...
Cruyff: Barca Needs to Restore Laporta, Guardiola     
Barcelona legend Johan Cruyff thinks the best way to turn the Catalan giant's fortunes around is ...
Ronaldo Could Miss First Game vs. Bayern     
Cristiano Ronaldo watched from the stands as Real Madrid beat Barcelona 2-1 in the Copa del ...
Report: Moyes Must Qualify for Europa League    
Manchester United coach David Moyes is understood to be under pressure from the Glazer family, the ...
Bayern Eases into German Cup Final     
Bayern Munich on Wednesday remained on course for a record 17th German Cup by crushing second ...
Pellegrini: 'Mentally Tired' City Not Out of Title Race    
Manuel Pellegrini admitted that Manchester City is mentally tired after his team could only manage a ...
>> Section 2 Around the Net Archives