Spain’s premier football league La Liga is closely developing a financial strategy that will enable it to compete with the other elite soccer leagues in Europe and other sports worldwide, Javier Tebas, the Spanish top-flight’s president claimed recently, according to report in sportcal.com.
La Liga is predicting total revenues of $3.58 billion at the end of the current season.
Inspite of several Spanish clubs having iconic stars including Argentine superstar Lionel Messi and Portugal’s superstar Cristiano Ronaldo, La Liga’s fortunes did not shine and it remained a distant second to the Premier League in terms of being the most profitable league in Europe.
Tebas reportedly said: “We are in a stage of sustained recovery of Spanish football. We no longer talk of debt, but of creating value, of strategies for the future. We are creating a growth strategy to compete with our rivals, the Premier League, Formula1 and the NBA.”
According to media reports one of the prime reasons for the slide is due to the economic control measures imposed by Spain’s Superior Sports Council (CSD) in April 2012 and UEFA’S financial fair play have helped reduce the debt of the 42 clubs in Spain’s top two divisions in recent years.