a La Liga president Javier Tebas is preparing a report for UEFA after criticizing the Premier League for ‘unsustainable spending’ and causing ‘transfer inflation’ after the league spent more than 20 times more than its Spanish counterparts.
Premier League clubs spent more than £2bn in total for the summer transfer window compared to £404m for La Liga, but English teams’ net spend was €1,352m compared to £52m. .4 million euros from Spanish football.
Chelsea broke the world spending record in a single summer with a spending of £273million, while 13 of the top 20 spending clubs in Europe came from the Premier League.
With only Barcelona in Spain’s top 20 and much tighter controls on clubs in their league, Tebas prepared a report for UEFA.
“Premier League income is 1.8 times more than La Liga or Bundesliga but this negative amount is 20 times more than the Spanish league which has very good financial control,” Tebas said in a public LaLiga Squad Spending presentation. Limits.
“Something doesn’t make sense there, so what’s going on? There’s a lot of checkbooks coming out of clubs like Manchester City signing a number of players. Even the league lost 3 billion euros over five years Capital contributions from club owners of Premier League clubs to offset losses to La Liga.
“There were 277 million euros in capital increases in La Liga. 2,376 million euros in the Premier League which are contributions and loans provided. In the league, it was 1,385 million euros. It would be normal if they signed twice as many players but they spent a lot more than That can only be possible if the owners pull out their checkbooks and they are different models.
“I know the Premier League has a model to limit losses to £108m, do we want unsustainable models? What happens if the owners stop spending money? We could let sheikhs and big business come here to buy clubs PSG can get more gas whenever they need to buy more players or use a related business.
“The football industry has changed and there is a lot more money. If there is no control, we could endanger the industry itself. The two most enduring competitions are La Liga and the Bundesliga and we really have to fight for sustainability.
“10 years ago we weren’t like the Bundesliga, but we are now. We’re going to put it all in UEFA and that’s important for all the other European leagues because we want sustainable European football. “
Tebas has carved out a controversial figure in European football, repeatedly criticizing Manchester City and Paris Saint-Germain for their funding and through his battles with Barcelona and Real Madrid management to shut down the Super League.
Its league’s tight FFP controls have caused Barcelona to sell intellectual property and merchandising assets, which they call ‘leverage’ to stay competitive amid spiraling debt.
It’s something he’s happy to do after watching UEFA put Chelsea, West Ham and Nottingham Forest on their Financial Fair Play (FFP) watchlist and ask for more information about their finances.
“We had a pandemic, so it’s impossible for them to do that if they didn’t have contributions from the owner’s checkbooks,” he added. “If in Spain we did that, let it all go and let the rich buy our clubs, then that’s an option, but we’d rather have a sustainable league like the Bundesliga.
“We know what our football is. We don’t want our clubs to go into debt to be able to buy players. In our league, that’s not allowed. That’s the model we stand for.”
La Liga chief reports Premier League to UEFA on ‘transfer inflation’