Spanish Football Association President Javier Tepas has said
that Spanish clubs will have no choice but to cut players
’salaries next season, due to the financial implications of
the Corona pandemic.
The season has been suspended in Spain since March, and
despite expectations for the resumption of matches in June
without fans, the “La Liga” still expects the clubs together
to incur losses of 300 million euros (326.07 million dollars)
due to declining revenues due to the epidemic.
To face these huge losses, several clubs, including Barcelona
and Atletico Madrid, have temporarily reduced the salaries of
players and employees, but Tepas believes that further measures
must be taken.
“The clubs will have to cut the salaries of their players. There is
no other solution,” Tepas was quoted by the Spanish newspaper
“S” as saying.
Spanish clubs spent record amounts last year on the transfer
market, including Barcelona obtaining the services of Antoine
Griezmann for 120 million euros from Atletico Madrid, who in
turn spent 126 million euros to sign the Portuguese Joao Felix.
But Tibas said that the clubs will have to reduce their activity in
the transfer market this year according to strict rules laid down
by league officials that determine what the club can spend
according to its expected revenues.
“Clubs have a difference that exceeds the maximum allowable
salary for next season, and they will have to use more in the
youth and academia sector because the authorities will not
allow any transfers that exceed this limit,” he added.
He continued: “I do not think that there will be a lot of transfer
deals next season in Spain or anywhere else. The current
situation will not allow this. Teams will have to reduce player
salaries or reduce transfer deals or contract with less expensive
players.”
