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SBD Global/October 9, 2012/Leagues and Governing Bodies

Cardenal Announces Cuts Of 34% In Spanish Sports Federation Funding

Spain Superior Council of Sports President Miguel Cardenal "announced cut-backs" of 34% in the grants to federations, according to the EFE. Cardenal explained that €31M ($40.2M) in grants will be given to sports federations. The number represents a 34% decrease from the €47M that was handed out last year. Cardenal also said the decrease would affect all the federations, "although a linear decrease is not expected for all." He also expressed his hope that "the sporting activity is affected as little as possible" (EFE, 10/8).
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