MADRID, 17 Jun. (EUROPA PRESS) –
The Royal Spanish Football Federation (RFEF) has published a call for First RFEF clubs to have an advance for a total of 12 million euros, with a maximum of 400,000 euros per team and without interest, according to the RFEF it’s a statement.
With this money, which comes from the RFEF’s own resources from the recently created Contingency Fund, the full payment of the salaries of all the players in the category should be preferentially addressed.
With this call for advances, the RFEF wants to “support” the clubs that have played in the First RFEF in this season that has just ended, and the recently promoted ones. “The RFEF is sensitive to the possible budget imbalances that may have occurred in a new competition and without references for the clubs, which were able to tackle the preparation of their economic projects without having an exact notion of the income they could receive or the necessary expenses. and reasonable for this category,” he said in a statement.
In addition, the RFEF recalled that the premiere of the First RFEF has occurred in a context of a pandemic and a global economic-financial crisis, international economic instability and an “absolutely unpredictable” increase in prices.
“With these 12 million euros that will now be dedicated to advances on account, to be returned between the next four and eight seasons, depending on the case, the RFEF provides financial oxygen to the category, showing its commitment to it and its willingness to the ‘experimental’ aspect of this first edition can be gradually consolidated,” he added.
CONTINGENCY FUND
This initiative is possible thanks to the Contingency Fund approved by the RFEF Board of Directors at the proposal of its president, Luis Rubiales.
Non-professional clubs participating in this 2021-22 season or in the 2022-23 season in the RFEF First Division will be eligible for this call. The clubs must expressly undertake to allocate, preferentially and excluding any other destination or commitment, the amounts received to pay the salaries of players and technicians and the obligations with Social Security, when debts or delays have been accredited to the RFEF in the payment of any of these concepts.
A club may request a maximum of 20 percent of the amounts declared as income in the budget for the 2021-22 season and, in any case, with a maximum limit of 400,000 euros for the same entity.
The same club may request various amounts at different times as long as the sum of the requests does not exceed the upper maximum defined for each of them.