VIE 26 DE ABRIL DE 2024 - 06:00hs.
Javier Tebas, president of LaLiga

"Limiting betting ads in Spain will have an impact of €90 million for the clubs"

The president of LaLiga, Javier Tebas, assured that the decree that the Government is preparing to limit the advertising of bookmakers will strongly affect the teams of the highest categories of Spanish football. “In total, the clubs will suffer an income reduction of about €90 million,” said Tebas during a recent conference at the Cardenal Herrera CEU University.

The highest authority of LaLiga estimated at 90 million euros the impact that the decree prepared by the Government will have for the clubs and that will limit the advertising of the bookmakers.

"If those who are still ruling, and it seems that they do, a Royal Decree is planned and the impact will be 90 million euros," he pointed out in a conference at the Cardenal Herrera CEU University in which he admitted that "it is a wild issue that had to be regulated, not forbid."

Tebas pointed out that "there is enough demagoguery" and that the total ban will lead to "inconsistencies", because advertising will be seen in international events such as the Tour de France or the Formula 1 Grand Prix that are not in Spain.

In addition, he pointed out that they seek "a transition period" of two years for the new regulations, although he believes that the contracts that the clubs are signing already include exit clauses for this possible regulation.

The president of the LFP also said that he is concerned about “tax increases” and that Spain is “the country that treats athletes the worst”, which makes LaLiga less competitive. "We are an industry that generates 180,000 jobs," concluded Tebas to highlight the importance of the sector in the general economy of Spain.

Source: GMB