May 13 – Spanish clubs will have to live up to the fact that they will have to reduce salaries next season due to the financial impact of the coronavirus pandemic, according to La Liga president Javier Tebas.
The Spanish season, like almost everywhere else, has been on hold since March and although matches are due to re-start in June behind closed doors, the league still estimates clubs will lose a combined €300 million in lost revenue.
To offset the loss of income, many clubs including Barcelona and Atletico Madrid introduced temporary pay cuts but Tebas believes further reductions will have to be made.
“Clubs will have to reduce the salaries of their players, there’s no other remedy,” Tebas said at a virtual conference organised by the Ibero-American Institute for sporting law.
And, said Tebas, clubs will have to significantly reduce transfer activity.
“Clubs now have squads that will exceed the salary limit for next season and teams are going to have to look far more towards youth football and their academies because transfers that exceed that limit will not be allowed, it’s impossible,” he said.
“I don’t think there will be many transfers next season, in Spain or anywhere else. The current situation will not allow that. Teams will either have to reduce footballers’ salaries or sign fewer or cheaper players.”
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