_
_
_
_
_
SOCCER FINANCE

Unprecedented move to end Liga’s spendthrift ways

New regulation to hit clubs where it hurts most: in the player transfer market

The president of the government’s Superior Sports Council, Miguel Cardenal, and Professional Football League (LFP) chief José Luis Astiazarán on Wednesday unveiled a new economic regulation for Spanish clubs that demands budgetary solvency in order to enter the transfer market.

The model, which will come into force in the 2013-14 season, allows for the clubs’ budgets to be examined before the competition begins. If a club is in the red, the LFP will not issue the necessary documentation for a new signing to be registered. By the terms of the regulation, the clubs must submit their budgetary information on April 30 and none will be able to sign a player if the cost would exceed a club’s stated wage bill.

Cardenal said the new rules signify a “deep cultural change” that will “act as a tool to address some of the biggest problems facing Spanish football.”

“This is a system that goes beyond Uefa’s Financial Fair Play,” added Astiazarán in reference to the European soccer body’s rules aimed to prevent clubs spending beyond their means.

Recomendaciones EL PAÍS
Recomendaciones EL PAÍS
_
_