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SBD Global/September 20, 2013/Finance

Spain's Superior Sports Council Deems Spanish Football Economic Report 'Satisfactory'

Spain's Superior Sports Council (CSD) on Wednesday considered the data it received regarding the economic situations of Spanish Football League (LFP) clubs to be "satisfactory," according to the EFE. The clubs presented their information "following a recent economic assessment." CSD President Miguel Cardenal met with LFP President Javier Tebas and LFP Corporate Dir General Javier Gómez, who "presented to Cardenal a report on LFP clubs' activity in the last two months." Cardenal said, "The clubs have done their duties and they are meeting the guidelines established following a line of work planned though the previous economic assessment. The plan was ambitious and very important for Spanish football." At the end of January, the CSD and LFP instituted an "economic control regulation which takes effect this season and requires teams to review their budgets in advance, not after the fact, as was previously the case" (EFE, 9/19).
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