Minister Calls For Reforms Of Sports Clubs ARU To Review Stream Of Players Leaving Cobalt Investigation Hurting Business FIFA Loses Trio Of Sponsors EuroBasket 2015 Finalizes Schedule Spanish Football Beginning To Reduce Debt Indian Court Tells Srinivasan To Choose League Notes NRL Gives Richardson Newly-Created Role Barça VP Eyeing July Elections
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/February 1, 2013/Leagues and Governing Bodies
LFP, Government Sports Council Set Rules To Clear Up Football's Debt Crisis
Published February 1, 2013
HISTORIC DAY: EL CONFIDENCIAL's José Félix Díaz opined Spanish football "lived a historic day." The LFP and CSD agreed to a deal where any professional club "that does not have its finances in order will not be able to make any signings starting next season." The intention is to have a short term solution "to diminish the economic problems in domestic football." Under the new rules, every team will have its finances looked over before the start of the season, and any club that does not meet a series of requirements "will be prohibited from making new signings." With these new rules, "next season's La Liga will be radically different" (EL CONFIDENCIAL, 1/30). In Madrid, Amaya Iríbar wrote the new rules "are only a step" in the process of trying to reverse the economic situation of Spanish clubs. The risk is that "the gap between the rich and the poor widens." LFP President José Luis Astiazarán was asked how many clubs run the risk of not being able to sign new players for next season. Astiazarán said, "I cannot make an estimation at this point" (EL PAIS, 1/30).