La Liga chief predicts lower salaries for players and fewer transfers
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
April 01, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, APRIL 01, 2023
La Liga chief predicts lower salaries for players and fewer transfers

Sports

Reuters
13 May, 2020, 11:30 am
Last modified: 13 May, 2020, 11:34 am

Related News

  • Xavi 'proud' after Clasico win as Barca move 12 points clear of Madrid
  • Kessie's stunner hands Barcelona comeback win over Real Madrid
  • Bilbao fans throw fake bank notes at Barcelona with 'mafia' written after corruption charges
  • Coronavirus origins still a mystery 3 years into pandemic
  • Real Madrid suffer shock loss at Mallorca

La Liga chief predicts lower salaries for players and fewer transfers

The Spanish season has been on hold since March and although matches are due to re-start in June without spectators, the league still estimates clubs will lose a combined 300 million euros in lost revenue due to the disruption.

Reuters
13 May, 2020, 11:30 am
Last modified: 13 May, 2020, 11:34 am
FILE PHOTO: La Liga President Javier Tebas poses during an interview with Reuters at the La Liga headquarters in Madrid, Spain, October 2, 2018. Reuters
FILE PHOTO: La Liga President Javier Tebas poses during an interview with Reuters at the La Liga headquarters in Madrid, Spain, October 2, 2018. Reuters

Spanish football clubs have no option but to face up to reducing players' salaries next season due to the financial impact of the coronavirus pandemic, La Liga president Javier Tebas has said.

The Spanish season has been on hold since March and although matches are due to re-start in June without spectators, the league still estimates clubs will lose a combined 300 million euros in lost revenue due to the disruption.

To cope with steep income losses, many clubs including Barcelona and Atletico Madrid introduced temporary pay cuts to players and staff during the national state of emergency, although Tebas believes further cuts will have to be made.

"Clubs will have to reduce the salaries of their players, there's no other remedy," Tebas said at a virtual conference organised by the Ibero-American Institute for sporting law, quoted by Spanish newspaper AS on Tuesday.

Spanish clubs splurged a record amount of money last year on transfers including Barcelona's 120-million-euro swoop for Antoine Griezmann from Atletico Madrid, who in turn splashed 126 million euros on Portuguese forward Joao Felix.

But Tebas said clubs would have to significantly reduce transfer activity this year in order to comply with the league's strict salary controls, which dictate how much money teams can spend according to their projected revenues.

"Clubs now have squads that will exceed the salary limit for next season and teams are going to have to look far more towards youth football and their academies because transfers that exceed that limit will not be allowed, it's impossible," he added.

"I don't think there will be many transfers next season, in Spain or anywhere else. The current situation will not allow that. Teams will either have to reduce footballers' salaries or sign fewer or cheaper players."

Football

La Liga / Coronavirus

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • New export support fund yet to pick up pace
    New export support fund yet to pick up pace
  • Illustration: TBS
    Another headwind the world does not need
  • Editors Guild Bangladesh condemns Prothom Alo news undermining independence
    Editors Guild Bangladesh condemns Prothom Alo news undermining independence

MOST VIEWED

  • Photo: BCCI
    Gujarat ride on Gill fifty to start title defence in style
  • Photo: Reuters
    South Africa closer to World Cup qualification with easy win over Netherlands
  • Photo: AFP
    ‘Intent’ has to be right, everything else will follow
  • Photo: Reuters
    Wimbledon lifts ban on Russian and Belarusian players
  • Photo: BCB
    BCB not changing stance regarding IPL clearance, informs Nazmul Hassan
  • Photo: Walton
    We might fail in a few games but we won't change our approach: Shakib

Related News

  • Xavi 'proud' after Clasico win as Barca move 12 points clear of Madrid
  • Kessie's stunner hands Barcelona comeback win over Real Madrid
  • Bilbao fans throw fake bank notes at Barcelona with 'mafia' written after corruption charges
  • Coronavirus origins still a mystery 3 years into pandemic
  • Real Madrid suffer shock loss at Mallorca

Features

Photo: DW

How German are the British royals?

19h | Panorama
The exterior of the Crown RS Advance is sleek and modern, with a long body, sharp lines and an aggressive front grille. Photo: Akif Hamid

The Toyota Crown RS Advance: The luxury sedan for car enthusiasts

21h | Wheels
Illustration: TBS

'If local investors think the regulatory framework is uncertain, foreigners would doubly think so'

21h | Panorama
Illustration: TBS

A year on, the country's first transgender UP chairman serves people with humility

22h | Panorama

More Videos from TBS

Pakistan's matches in the World Cup could take place in Bangladesh

Pakistan's matches in the World Cup could take place in Bangladesh

1d | TBS SPORTS
Putin launches nuclear drills with Yars missile

Putin launches nuclear drills with Yars missile

1d | TBS World
Hritika's dream, transgenders will establish by studying

Hritika's dream, transgenders will establish by studying

22h | TBS Stories
People are waiting to cross the Padma Bridge by train

People are waiting to cross the Padma Bridge by train

1d | TBS Stories

Most Read

1
Nusrat Ananna and Nafis Ul Haque Sifat. Illustration: TBS
Pursuit

The road to MIT and Caltech: Bangladeshi undergrads beat the odds

2
Sadeka Begum. Photo: Courtesy
Panorama

Sadeka's magic lamp: How a garment worker became an RMG CEO

3
Photo: Bangladesh Railway Fans' Forum
Bangladesh

Bus-train collides at capital's Khilgaon on Monday night

4
Photo: Wikimedia Commons
Tech

Microsoft-owned Github fires entire Indian engineering team

5
Representational image
Bangladesh

Airport Road traffic to be restricted on Fridays from 31 March

6
Photo: Texas A&M
Science

Massive asteroid expected to pass by Earth this weekend

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]