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mpemba kasema
 

Tebas: Spanish football needs 490 million euros in order to finish the season​

Javier Tebas has given a stark warning to some of Spain's top-paying football clubs. The LaLiga president believes some teams will struggle to pay wages while football remains behind closed doors.

Clubs across Europe have already suffered greatly by a loss of matchday revenue during the pandemic, but there are some particularly large wage bills in LaLiga Santander.
 
We still have an excess spend of around 500 million euros because clubs cannot release their players from their contracts," Tebas said at MARCA Sport Weekend.

"There has been an exercise to reduce wage bills. If we'd planned to invest 45 percent of ticketing and it's not going to be like that, clubs are spending 500 million euros in excess.
 
"Some clubs have to keep working on reducing their wage bills again. The most affected clubs in Spain are Valencia, Barcelona, Real Madrid... Those clubs cannot get rid of their players. In order to finish the season, Spanish football would need some 490 million euros to be able to pay for the clubs' expenses.
 
Tebas also addressed the issue of the European Super League - a proposal he has always opposed - after Josep Maria Bartomeu admitted that he'd signed Barcelona up to one before resigning as president.

"The Super League is still a secret, except for 30 seconds of a Bartomeu press conference in which he ended up saying that he'd signed some documents..." Tebas added. "The Super League seems like a joke to me. It's impossible to put together a tournament while the major leagues are against it.
 
"I'd call it the 'Interplanetary League' because it's so ridiculous that a team from Mars will turn up to play. It's impossible for the big clubs to compete without putting their league or the Champions League at risk. They'd have to find 12 billion euros from somewhere. When Bartomeu spoke about it, a president of other club told me, 'Javier, I wasn't at that bar.'"

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Valencia need 26.4 million euros before June 30: Players will be sold​

Valencia will hold their annual general meeting with shareholders in just under a month, on December 11, but the details of the club's financial situation and budget have already been revealed.

After making an eight-million-euro loss last season, the budget has been set at almost 119 million euros for the 2020/21 campaign. That is a decrease of 75m euros when compared to the budget of 193 million euros for the 2019/20 campaign.
 
This decreases comes in part thanks to the wage cuts which have been applied, with many big earners having left the club, which have reduced the salary bill by 17.5m euros (from 93.3m euros to 76.4m euros). The amortisation of the players has also decreased slightly, from 53.4m euros to 49m euros.
 
The 2020/21 budget will be divided between 2.3m euro income from competitions, 89m euros from TV rights, 7.9m euros from members and season ticket holders, 13.87m euros from advertising and 5.24m euros from other commercial activities. Even with these cuts in mind, the club still has a black hole in its finances which they will have to fill before June 30.
 
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