The president of LaLiga, Javier Tebas, assured that the Spanish Football Federation (RFEF) has changed what was said this morning in relation to a financing line for professional football of 500 million euros, with the guarantee of television rights.
“I apologize that we are currently dealing with these issues but it is necessary to clarify that the RFEF changes what was said this morning. (Hear and read press conference), he wrote on social networks.
“The clubs individually have spent years using this line of financing with tens of millions of euros,” he wrote on social networks. Which has allowed stadium reforms, build sports cities, pay the historical debt … He asked UEFA, why is the Champions League, the European Championship not insured?, Very simple as the article says, they do not quote you (do not price) insurance. #Ignoracia # sorry, “he added.
Thebes responded in this way to the RFEF after it insisted that the financing line proposed for professional football is viable, once the president of LaLiga recalled the provisions of the Royal Decree for the centralized sale of audiovisual rights.
“Thank you for your offer of a € 500M credit with the guarantee of TV rights, but it has happened again as with insurance policies in a pandemic, IT IS IMPOSSIBLE. Read additional provision 1 of RD 5/2015 of centralized sale of Television, “he said.
The president of the clubs specified that the provision of the Royal Decree indicates that LaLiga “may use all the rights whose commercialization is legally assigned as a guarantee to access financing, with the sole purpose of providing the participating clubs and entities that make it up with resources to settle your debts with the Public Administrations ”.
In response, the RFEF indicated that the agency “reached out to the League to jointly negotiate a financing line for Clubs and SADs.”
“The first additional provision, as the President of the League knows perfectly well, does not prohibit Clubs and SADs from contracting credits for the financing of any payments with creditors, including soccer players, offering as guarantee their own television rights or whatever they will receive from the League in payment of such rights that the League markets jointly ”, assured the RFEF.
The latter reiterated that its proposal is perfectly valid and fully complies with the applicable regulations.