La Liga chief predicts lower salaries for players and fewer transfers
Spanish soccer golf equipment don’t have any possibility however to resist lowering gamers` salaries subsequent season because of the monetary affect of the coronavirus pandemic, La Liga president Javier Tebas has mentioned.
The Spanish season has been on maintain since March and though matches are resulting from re-start in June with out spectators, the league nonetheless estimates golf equipment will lose a mixed 300 million euros ($326.07 million) in misplaced income because of the disruption.
To deal with steep revenue losses, many golf equipment together with Barcelona and Atletico Madrid launched short-term pay cuts to gamers and workers through the nationwide state of emergency, though Tebas believes additional cuts should be made.
“Clubs will have to reduce the salaries of their players, there`s no other remedy,” Tebas mentioned at a digital convention organised by the Ibero-American Institute for sporting legislation, quoted by Spanish newspaper AS on Tuesday.
Spanish golf equipment splurged a file amount of cash final yr on transfers together with Barcelona`s 120-million-euro swoop for Antoine Griezmann from Atletico Madrid, who in flip splashed 126 million euros on Portuguese ahead Joao Felix.
But Tebas mentioned golf equipment must considerably cut back switch exercise this yr to be able to adjust to the league`s strict wage controls, which dictate how a lot cash groups can spend in line with their projected revenues.
“Clubs now have squads that will exceed the salary limit for next season and teams are going to have to look far more towards youth football and their academies because transfers that exceed that limit will not be allowed, it`s impossible,” he added.
“I don`t think there will be many transfers next season, in Spain or anywhere else. The current situation will not allow that. Teams will either have to reduce footballers` salaries or sign fewer or cheaper players.”
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