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SBD Global/June 7, 2013/Finance

Spanish Football League President Could Reduce His Salary To Help League Finances

Spanish Football League (LFP) President Javier Tebas will on Friday present to league clubs his proposal to lower his own salary, according to Javier Hernandez of AS. Tebas will do so at Friday's Extraordinary General Assembly. In this way, "Tebas will live up to one of the promises he made after being elected LFP president, a popular measure related to Spain's current economic situation." The clubs will "vote whether to accept his offer." The main theme of the meeting, though, will be the approval of La Liga and The Second Divisions' '13-14 schedules. There will "be changes and compromise from this season because of the 2014 Brazil World Cup" (AS, 6/5).

DEPORTIVO BEGINS LIQUIDATION: In Madrid, Sara Massa wrote Spanish second division side Deportivo La Coruña has been relegated from La Liga just one season after securing promotion by winning the second division. The club "is facing many problems, economically above all." Club President Augusto César Lendoiro has assured that his team will remain viable despite relegation, but "with the club in administration, Deportivo will have to adjust its budget, starting from zero with the roster and supporting itself with its best asset -- its fan base." Deportivo's exact budget for next season "remains unknown," but the club recognizes there will be a "drastic reduction." Bankruptcy Law will "force Deportivo to rebuild the team from the bottom 'to fight to be in a position for promotion.'" The club's coach, Fernando Vásquez, "is known for getting the best performance from low-level rosters and as a connoisseur of youth talent, two essential characteristics for the new Deportivo." In total, 14 players have contracts that are ending (EL CONFIDENCIAL, 6/6).
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