LaLiga president Javier Tebas says €500M needed to complete season

LaLiga president Javier Tebas claims it will cost almost half a billion euros to complete the season due to Spain’s stadium lockout.

A number of teams in the top flight, including Barcelona and Real Madrid, have been forced to scramble to reduce their wage bills as a result of the fallout from Spain’s lockdown in reaction to coronavirus.

“There is a large industry behind LaLiga with many jobs that depend on it,” he told Marca.

“According to the latest reports, there are 180,000 jobs. Defending this industry is a social responsibility. We have to be an example, because that serves to grow and create more jobs. People need to understand that LaLiga has a lot of responsibility.

“We still have excess spending of about €500m (£448m) as clubs can’t remove players with contracts – an effort has to be made to reduce salaries.

“Some clubs have to continue to try and reduce the wage bill. The most affected in Spain are Valencia, Barcelona and Real Madrid – they just can’t get rid of the superfluous players.

“To end the season, Spanish football will need to spend about €490m (£435m) to pay the club expenses, but not to all clubs. We’ve detected 17, some of whom are short €100m and others €3m – but the club missing €3m might be in worse shape than the one missing €100m.

“We’re working to fix it. Valencia is no longer in the Champions League, for example, and they’ve been criticised for selling players but they have to, and Barcelona have to lower their wage bill to finish the season. They have no other option.”

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