Spanish soccer clubs have ever been the most money rolling clubs where they throw away millions of dollars to buy a player of their choice irrespective of the fact whether they have maintained their accounts properly or not. Even if they do, they did not require sending their accounts for scrutiny. But now, this scenario is going to change with proposed changes in the fair play rules which are much like of English financial fair play. According to new rules, every La Liga club will have to send its accounts for the scrutiny every year and only if accounts are in order, it will be allowed to buy any player of its interest. Spanish government and the Liga de Futbol Profesional (LFP) jointly drafted these changes which are going to be applicable from next season. At the moment, there are 20 La Liga clubs enjoying more than €3 billion of wealth, and if these rules are imposed as they are being stated now, Spain will be the next country after England to impose financial restrictions over clubs’ money power.
Spanish sports minister Miguel Cardena said over the changes that these be historic in Spanish soccer where all clubs will follow a zero financial tolerance policy to safeguard interest of players, officials, and soccer. He added, “There is a before and after in Spanish football starting from today. Reality is returning to Spanish football. 21 teams have made use of the Ley Concursal – voluntary administration – despite the growth in salaries, generating tension and situation which from now on will not be tolerated. I back the ‘Economic Control’ accord passed by the LFP. This is the moment to banish the topics which have accompanied football in recent years.”
Until now, clubs are found biding outrageously to outbid their opponents, and situation is even worst for small clubs who can’t afford to pay hefty sum beyond their limit. Even no club has ever been penalized for its despicable bidding to downplay its rivals. But now, things are going to change where each club will have to send its account to LFP for inspection, and if any misconduct is found there would be a ban on buying any player until club rectifies its accounts.
This year’s winter transfer widow is now closed, and only four clubs signed new players in this window. With these changes, next season would be historic for Spanish soccer, let’s appreciate the amendments.