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Spanish Football Federation Offers Clubs Loans To Pay Bills

(File) View taken on on September 16, 2017 of the brand new Wanda Metropolitano stadium earlier than the Spanish league soccer match Membership Atletico de Madrid vs Malaga CF in Madrid.  AFP PHOTO / OSCAR DEL POZO.

 

Spanish Soccer Federation (RFEF) president Luis Rubiales on Wednesday introduced strains of credit score for lower-level golf equipment in problem due to the coronavirus pandemic and repeated that he hoped the season may very well be accomplished.

He additionally instructed an internet press convention he was keen to speak to La Liga, which runs the highest two divisions, about serving to its golf equipment.

Rubiales mentioned that semi-professional and non-professional golf equipment in males’s and ladies’s outside and indoor soccer “will have a line of credit that will reach up to four million euros ($4.3 million) depending on their wage bills”.

He mentioned the loans could be curiosity free and may very well be repaid over two years.

Some golf equipment are contemplating introducing part-time working to compensate for lack of revenue.

Rubiales mentioned he hoped that this assist would assist stop such drastic motion.

“We’re talking about four million for modest levels of football, but there’s also professional football and we want to reach out to it,” mentioned Rubiales.

“If La Liga wants to talk, it’s time to do the maths,” he mentioned. “We have worked on a line of financing of 500 million euros.”

He mentioned the RFEF was prepared “to sit down and look for financing for clubs that are going to have a problem”.

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“(If the season) does not end on June 30, which is more probable, there are going to be clubs that do not receive 100 percent of the money from television,” he added.

He mentioned he might make 500 million obtainable “for first and second division clubs, who need 15, 20 million euros now”.

Rubiales reiterated that competitors will resume “when it is possible”, however he mentioned he wished to “give clubs fighting relegation the chance to save themselves, and those in a position to win promotion the chance to earn it”.

AFP

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