"This summer's transfer window once more highlighted the widening financial gap between La Liga and the Premier League. English clubs splashed out more than 3bn, with Liverpool's 125m signing of Alexander Isak the headline move. Spanish sides, by comparison, spent only 592m, well behind not just England but also Italy (1bn) and Germany (739m). The numbers reflect how much financial clout La Liga has lost in recent years."
"The turning point came in 2013 with the introduction of La Liga's economic control framework, inspired by Uefa's Financial Fair Play. From then on, clubs could only spend what they generated. Salary caps were introduced, revenues had to be demonstrated before investments, and all transactions were closely monitored. The change was dramatic as chronic debt was slashed, losses gave way to profits, and foreign investors returned."
La Liga clubs spent 592m in the summer transfer window, far less than the Premier League's over 3bn, Italy's 1bn and Germany's 739m. Spending in Spain concentrated at Real Madrid (157m) and Atletico Madrid (149m), while Villarreal paid a club-record 25.5m for Georges Mikautadze and Real Betis signed Antony for 21m. Many Spanish clubs exercised restraint: Sevilla raised 38m by selling Dodi Lukebakio and Loic Bade, Getafe sold Christantus Uche to meet regulations, and Barcelona finished with a 16m surplus after low-cost reinforcements. La Liga's 2013 economic control framework imposed salary caps, revenue proof and close monitoring, slashing chronic debt, restoring profits and attracting foreign investors.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]