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SBD Global/February 4, 2014/Finance

CSD President Cardenal Says Spanish Football Clubs' Debts Dropped $203M In Last Two Years

Spanish Superior Sports Council (CSD) President Miguel Cardenal said on Monday that the combined debt for La Liga and the Spanish second division has been reduced by €150M ($203M) over the last two years, according to EL CONFIDENCIAL. Cardenal "also emphasized that the Spanish third division is also showing positive signs in this regard, but did not offer any figures." Clubs "are spending less." Cardenal said that "clubs had made a 15% decrease to what they are spending on their rosters." On the "other hand, Real Madrid and Barcelona have increased roster spending, but not Atlético" (EL CONFIDENCIAL, 2/3).
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