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 … [Read more...]