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Spanish Government: La Liga TV Sales Need to Change

La Liga clubs owe the Spanish government more than $874 million in back taxes, although the figure is down from $950 million in 2012, Spain’s Sports Council said on Thursday. In a radio interview, Council President Miguel Cardenal said the improvement is a positive, but the league still needs to find a more equitable way to distribute TV revenues, the sport’s principal form of revenue, to ensure the survival of smaller clubs with financial problems.

To that end, Cardenal is pushing for a new law that would force clubs to sell La Liga broadcast rights collectively, instead of individually, as they do now. In 2011, Real Madrid and Barcelona took in a reported $183.5 million each, with the next-highest earner, Atletico Madrid, taking in less than $66 million. Meanwhile, Granada, at the low end of the spectrum, took in $15.7 million.

Read the whole story at Associated Press »

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