PHOTO AFP Spain's LaLiga president Javier Tebas said teams in the Premier League are financially doped after they spent a record $1 billion in January and outspent the rest of Europe's big five leagues by almost four to one.
According to Tebas, the teams in English football's top division make multi-million dollar losses and UEFA should intervene to enforce financial fair play rules.
When contacted by the Premier League, the Premier League said that the figures presented by LaLiga were not correct.
We read, the'strength' of the Premier League but it is a competition based on millionaire losses of the clubs. Their ordinary income is not enough for most of the clubs to be 'financially doped', said Tebas on Twitter, where he shared a video where LaLiga's Corporate Director Javier Gomez spoke about the issue.
In LaLiga, what we want is for clubs to spend what they can generate autonomously. Gomez said that shareholders are allowed to support within certain limits.
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It is the opposite in the Premier League. The Premiership and the Championship lost 3000 million euros, and the Spanish LaLiga lost 250 million euros until June 2021. In the same period, the Premier League and Championship shareholders put in 3500 million euros, in Spain they put in 450 million euros.
They are doping the clubs, injecting money that is not generated by the clubs. When this shareholder leaves, the viability of the club is at risk. We think this is cheating because it drags down the rest of the leagues. Gomez said that the Spanish league will fight for the UEFA to restrict shareholders and sanction clubs no matter what league or country they are from.
Arsenal's Eddie Nketiah second, left scored his side's opening goal during the English Premier League soccer match between Arsenal and Manchester United at Emirates Stadium in London on January 22, 2023. A Premier League spokeswoman said that the losses were around 1 billion pounds $1.24 billion mainly due to the outbreak of the COVID 19 pandemic, with equity injected accounting for 1.6 billion pounds.
In addition, the league's spokesperson said 10.5 billion pounds $12.98 billion in commercial and broadcasting revenue are secured for the next three seasons, and the clubs that adhere to UEFA-aligned controls show long-term profitability.