LaLiga: Clubs in Spain's top two leagues pledge to donate $217 million over four years to boost Spanish sport, lower-tier football

The statement issued by La Liga added that it would be contributing a total of 51 million euros per year to the sports ministry as a result of the new agreement, which would go towards “creating a fund to help boost organised sport, Olympic and Paralympic sports and internationalisation of sport”.

Reuters April 21, 2020 23:14:13 IST
LaLiga: Clubs in Spain's top two leagues pledge to donate $217 million over four years to boost Spanish sport, lower-tier football

Madrid: Clubs in Spain’s top two divisions have agreed to give an additional 200 million euros ($217 million) over the next four years to boost Spanish sports and lower league football, the league’s organising body La Liga said in a statement on Tuesday.

LaLiga Clubs in Spains top two leagues pledge to donate 217 million over four years to boost Spanish sport lowertier football

Representational image. Reuters

Since signing a collective broadcasting rights deal in 2015, La Liga has donated 1% of its revenue to Spain’s sports ministry.

It has increased this to 2.5% as part of a new agreement, while it has doubled its contribution to the national football federation (RFEF) from 1% to 2%.

The agreement comes after an eight-hour meeting between La Liga’s president Javier Tebas and RFEF chief Luis Rubiales, who have had a long-running dispute over how Spanish football should be run, and the sports minister Irene Lozano.

“This agreement looks to help sport not just in these moments of crisis provoked by COVID-19 but forever,” said the statement.

“This is a structural measure with no time limit which will strengthen the commitment of the professional clubs and La Liga with Spanish sport.”

Many La Liga clubs have been damaged financially by the pause in football due to the COVID-19 pandemic and have enacted wage cuts, although other sports and non-professional clubs have also been hit during the national state of emergency.

The virus has so far infected more than 200,000 people in Spain, claiming 21,282 lives.

La Liga’s statement added that it would be contributing a total of 51 million euros per year to the sports ministry as a result of the new agreement, which would go towards “creating a fund to help boost organised sport, Olympic and Paralympic sports and internationalisation of sport”.

The 1% increase to the RFEF would mean an increase of 17 million euros, taking its total contribution to the federation to 58.7 million euros, which would go towards “improving infrastructure and improving the competitiveness of non-professional leagues.

The statement also said La Liga had agreed to contribute 3.3 million euros per season for the next three seasons to an emergency fund to help non-professional players.

Updated Date:

also read

Copa del Rey: Atletico Madrid enter quarters, defending champions Real Betis knocked out
Football

Copa del Rey: Atletico Madrid enter quarters, defending champions Real Betis knocked out

Defending champions Real Betis failed to advance after a 4-2 loss in a penalty shootout against visiting Osasuna.

Memphis Depay joins Atletico Madrid from Barcelona for 3 million euros
Football

Memphis Depay joins Atletico Madrid from Barcelona for 3 million euros

The transfer could cost Atletico up to an extra one million euros in add-ons.

Copa del Rey: Karim Benzema, Vinicius Junior's extra-time goals help Real Madrid beat Atletico to reach semis
Football

Copa del Rey: Karim Benzema, Vinicius Junior's extra-time goals help Real Madrid beat Atletico to reach semis

The spiky, gripping derby clash turned against Diego Simeone's side in the additional period when defender Stefan Savic was sent off.