La Liga President Javier Tebas on the La Liga headquarters in Madrid, Spain
| Photo Credit: Reuters
Spain’s La Liga president Javier Tebas has stated groups within the Premier League are “financially doped” after they spent a report $1 billion within the January switch window and outspent the remainder of Europe’s ‘big five’ leagues by nearly 4 to at least one.
According to Tebas, the groups in English soccer’s prime division make multi-million-dollar losses and UEFA ought to intervene to implement monetary honest play guidelines.
When contacted by Reuters, the Premier League stated that the figures introduced by La Liga weren’t appropriate.
“We read, the “power” of the Premier League, but it is a competition based on millionaire losses of the clubs, (their ordinary income is not enough for them) most of the clubs are ‘financially doped’,” Tebas wrote on Twitter as he shared a video the place La Liga’s Corporate Director Javier Gomez mentioned the problem.
“In La Liga what we are looking for is that clubs spend what they can generate autonomously. Shareholders are allowed to support within certain limits,” stated Gomez.
“In the Premier League it is the opposite. Until June 2021, the Premiership and the Championship had lost €3,000 million ($3.28 billion), the Spanish La Liga lost €250 million. In the same period, the Premier League and Championship shareholders put in €3,500 million, in Spain they put in €450 million.
“They are doping the golf equipment, they’re injecting cash that isn’t generated by the golf equipment. This places the viability of a membership in danger when this shareholder leaves. In our opinion, that is dishonest as a result of it drags down the remainder of the leagues.”
‘Will fight for UEFA to sanction clubs’
Gomez added that the Spanish league will “battle” for UEFA to limit shareholders and sanction golf equipment it doesn’t matter what league or nation they’re from.
A Premier League spokesperson stated that within the interval in query the losses had been round £1 billion ($1.24 billion), primarily brought on by the outbreak of the COVID-19 pandemic, with fairness injected accounting for £1.6 billion.
In addition, the league’s spokesperson stated that £10.5 billion ($12.98 billion) in industrial and broadcasting income are secured for the following three seasons and the golf equipment, who adhere to UEFA-aligned controls, present long-term profitability.
Source: www.thehindu.com
