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SBD Global/October 1, 2013/Finance

Spanish Football League President Javier Tebas Updates League's Financial Status

Spanish Football League (LFP) President Javier Tebas on Monday explained to "several spokespersons from various departments in the Spanish government the results of the LFP's recent economic assessments of its teams," according to the EFE. Tebas and LFP Dir General Javier Gomez on Monday met with Commission of Education & Popular Sport assistant spokesperson Angel Gonzalez, Commission of Education & Socialist Sport assistant spokesperson Manuel Pezzi and Socialist Parliamentary Group vice-spokesperson Emilio Alvarez Villazan. Gonzalez said, "The information from the LFP highlights that the government's plan for the clean-up of football is on a good path. The debt has decreased and the LFP's plan will achieve its objectives." Pezzi showed his satisfaction with Tebas's press conference after the government had demanded "no opacity and complete clarity in regard to LFP clubs' economic situations." Tebas considers "addressing Congress a right and an obligation to explain with total clarity the economic situation of professional football." Tebas explained that "football is on the right path toward reducing its costs and therefore also reducing the debt." He added that "the situation of the clubs, collectively, is improving" (EFE, 9/30).
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