The salary cap for Spanish league clubs has been slashed by more than $ 700 million due to the coronavirus pandemic, with Barcelona and Valencia in line to take the biggest hit, La Liga president Javier Tebas revealed during from a virtual press conference earlier this week, as well as LaLiga General Manager Pepe Guerra. Tebas added that FC Barcelona and Valencia CF are expected to cut their salaries by around 40% this season, while Real Madrid and Atletico Madrid are expected to make 27% of their season’s adjustments.
In response to a question provided by the The Bharat Express News, Tebas also agreed that the uncertainty over salary caps could remain as long as the virus lasts. The La Liga president, however, added that the situation with the pandemic is improving and it is hoped that a vaccine will be available soon.
“Yes of course we are all very concerned about the pandemic affecting the economy of the whole country and football is no exception. Fortunately, however, we are an industry that can have different types of activities. Thanks to the coordination with the Higher Sports Council and the Ministry of Health, we were able to do this, ”Tebas said.
“But we are obviously concerned about salary caps, but I think those concerns should be alleviated because we can now see the light at the end of the tunnel. In 2-4 months we should see vaccines as companies manufacture millions of vaccines, ”he said.
“We see the next season very similar to the 19-20 season, with maybe less people in the stadiums, but at least as far as satisfying the sponsors and other financial aspects,” he added. .
Another additional cost for football leagues across Europe is the new security measures and the test kit. La Liga players continue to get tested regularly – while stadiums are also required to make sure no one enters and leaves the bubble. In July, when the final La Liga season had restarted – a player had entered the stadium to shake hands with Lionel Messi and in the midst of a pandemic – such incidents posed a greater threat.
Asked about security spending, another question asked by the The Bharat Express News, Tebas said the league is ensuring all measures are taken to ensure the best possible security for players and teams, but added that it also did not more affected balance sheets. many.
“Yes, we have invested in all these security measures but these are not amounts that significantly affect the balance sheet, the economic accounts of LaLiga or of its clubs. It was necessary to purchase tests, modify infrastructure, advice, personnel, etc. Said Tebas.
“But it is also a very important aspect of awareness, of hard work to develop a protocol of return to training, of awareness of all club staff, etc.,” he added.
“And thanks to this economic investment, the work of LaLiga and its clubs, the commitment and efforts of all, professional football has returned to such a delicate time,” concluded Tebas.