• Sunday, Sep 20, 2020
  • Last Update : 01:45 am

Spanish football federation offers clubs loans to pay bills

  • Published at 09:41 pm March 25th, 2020
La Liga

Some clubs are considering introducing part-time working to compensate for lack of income

Spanish Football Federation (RFEF) president Luis Rubiales on Wednesday announced lines of credit for lower-level clubs in difficulty because of the coronavirus pandemic and repeated that he hoped the season could be completed. 

He also told an online press conference he was willing to talk to La Liga, which runs the top two divisions, about helping its clubs.

Rubiales said that semi-professional and non-professional clubs in men's and women's outdoor and indoor football "will have a line of credit that will reach up to four million euros ($4.3 million) depending on their wage bills".

He said the loans would be interest free and could be repaid over two years.

Some clubs are considering introducing part-time working to compensate for lack of income.

Rubiales said he hoped that this aid would help prevent such drastic action.

"We're talking about four million for modest levels of football, but there's also professional football and we want to reach out to it," said Rubiales.

"If La Liga wants to talk, it's time to do the maths," he said. "We have worked on a line of financing of 500 million euros."

He said the RFEF was ready "to sit down and look for financing for clubs that are going to have a problem".

"(If the season) does not end on June 30, which is more probable, there are going to be clubs that do not receive 100 percent of the money from television," he added.

He said he could make 500 million available "for first and second division clubs, who need 15, 20 million euros now".

Rubiales reiterated that competition will resume "when it is possible", but he said he wanted to "give clubs fighting relegation the chance to save themselves, and those in a position to win promotion the chance to earn it".

50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail