Latest news with #Tebas
Yahoo
15-05-2025
- Business
- Yahoo
European Commission drops Tebas case against Man City and PSG over state funding
Manchester City and Paris Saint-Germain will not face any action following accusations they breached EU competition law by receiving unfair state backing, per The Guardian. La Liga president Javier Tebas filed the complaint in July 2023, alleging both clubs benefited from foreign subsidies through state-linked entities in Abu Dhabi and Qatar. According to Tebas, this allowed City and PSG to distort the market by overspending on players and coaches and securing inflated sponsorship deals with no fair market value. However, The Guardian reports that the European Commission will not launch a formal investigation after the preliminary review. They deemed the evidence submitted insufficient to meet the threshold required under the EU's foreign subsidies regulation, which came into force in 2023. While it could have been a potential test case, linking commercial partnerships to state subsidies (inexplicably) did not constitute grounds for a deeper probe. Man City and PSG had denied the claims, arguing their finances were fully compliant and independently audited. Club officials dismissed Tebas's actions as part of a long-standing campaign against them, driven by resentment over their success and financial might. Tebas has always been outspoken against clubs he feels have an unfair advantage in the transfer market due to their financial might. His tenure as La Liga boss has involved strict rules to curb excessive spending. Everyone knows Man City and PSG are state-funded projects. They are vehicles of soft power for Abu Dhabi and Qatar, but authorities tiptoed around this reality. The Premier League raised concerns when City Football Group took control in 2008, but did nothing. Meanwhile, Ligue 1 welcomed PSG's Qatari billions as a lifeline. Now, Europe's top competition watchdog has done the same. Acknowledge the smoke and ignore the fire. Due to political sensitivity, legal complexity, or sheer reluctance to take on sovereign wealth, football authorities are looking away rather than confronting the state power staining the beautiful game.
Yahoo
25-04-2025
- Sport
- Yahoo
Javier Tebas slams Real Madrid over Copa del Rey row
The ongoing row over the 2024/25 Copa del Rey final continues to roll on as Real Madrid prepare to dig in over the issue. Heading in the final, Real Madrid have created a storm of controversy as they look to put pressure on the RFEF to change referees. Advertisement Los Blancos have been angered by the decision to name Ricardo de Burgoes Bengoetxea as the primary match referee with Pablo Gonzalez Fuertes as VAR. Real Madrid have demanded the decision be reviewed ahead of the final against Barcelona and they have since submitted a formal request to the RFEF as a sensational twist. The issue focuses on Gonzalez Fuertes, the VAR for the final, and his criticism of their infamous referee videos released by Real Madrid TV before selected games, with Burgoes Bengoetxea in tears in a press conference due to the criticism and the pressure he has been receiving. Image via Juanjo Martín / Diario AS As the saga rolls on, and Real Madrid demanded a last minute change of officials, the stakes have been ramped up, with tonight's training session and press conference both cancelled. Advertisement The stand-off has now placed the game in doubt with reports from Relevo claiming they will refuse to play in the final completely, unless a solution is reached. The latest twist in the story has come via La Liga president Javier Tebas, who has slammed Real Madrid's attitude over the issue, in the latest battle between him and Los Blancos. As part of a huge social media tirade over the matter, Tebas has called out Real Madrid for a succession of 'problems' they have with the 'establishment of Spanish football'. Amongst the complaints from Tebas, he called out every step Real Madrid have taken on the matter, as they look to pressure the RFEF to give in to their demands.
Straits Times
23-04-2025
- Business
- Straits Times
La Liga scores record commercial revenue in post-pandemic comeback
Barcelona's Dani Olmo (right) celebrates after scoring in the 1-0 La Liga win over Mallorca on April 22. PHOTO: EPA-EFE MADRID – Spain's top football league posted record commercial revenue in 2023-24, while recurring revenue surpassed €5 billion (S$7.5 billion) for the first time since the pandemic, though still falling shy of pre-Covid heights. La Liga's €5.049 billion from its four traditional recurring revenue pillars (matchday, commercial, broadcasting and Uefa prize money) represents a 3.2 per cent increase over the previous season, riding a wave of fan enthusiasm that saw a record 16 million spectators fill stadiums at an average 75.4 per cent capacity. The impressive attendance figures helped drive matchday revenue up 4.8 per cent, while commercial income climbed 7.4 per cent to exceed €1 billion for the second consecutive year. 'After the pandemic we said it would take four or five years to recover the Covid losses, and that has been the case,' La Liga president Javier Tebas told reporters. While recurring revenue was up, total revenue dipped 10 per cent to €5.125 billion compared to last season's inflated €5.69 billion, which included half of the €1.99 billion from La Liga's deal with private equity firm CVC Capital Partners. 'Taking away the effects of last-year's levers, which distorted the total numbers, you can see that we are a sustainable league,' Tebas added. La Liga projects attendance will surge to over 18 million fans next season and the league will finally break the pre-pandemic recurring revenue record of €5.065 billion set in 2019-20. Tebas also announced changes to La Liga's strict Financial Fair Play rules, introducing a minimum wage cap of 30 per ceny of a club's turnover. It is a move aimed at preventing financially troubled clubs like Sevilla and Barcelona from entering seasons with lower wage caps that have hampered their ability to register and sign new players. Barcelona and La Liga have fought a fierce battle off the pitch in recent months regarding the registration of players Dani Olmo and Pau Victor, which ended with Spain's National Sports Council (CSD) allowing the duo to play for the club until the end of the season. Olmo scored inside the first minute of the second half to earn a hard-fought 1-0 home win against Mallorca on April 22, extending their lead over Real Madrid at the top of the table to seven points with five games to go. Real were in action at Getafe on April 23, with the match kicking off after press time. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
22-04-2025
- Business
- Straits Times
LaLiga scores record commercial revenue in post-pandemic comeback
MADRID - Spain's top football league posted record commercial revenue in 2023-24, while recurring revenue surpassed five billion euros for the first time since the pandemic, though still falling shy of pre-COVID heights. LaLiga's 5.049 billion euros from its four traditional recurring revenue pillars (matchday, commercial, broadcasting and UEFA prize money) represents a 3.2% increase over the previous season, riding a wave of fan enthusiasm that saw a record 16 million spectators fill stadiums at an average 75.4% capacity. The impressive attendance figures helped drive matchday revenue up 4.8%, while commercial income climbed 7.4% to exceed one billion euros for the second consecutive year. "After the pandemic we said it would take four or five years to recover the COVID losses, and that has been the case," LaLiga president Javier Tebas told reporters. While recurring revenue was up, total revenue dipped 10% to 5.125 billion euros compared to last season's inflated 5.69 billion, which included half of the 1.99 billion euros from LaLiga's deal with private equity firm CVC Capital Partners. "Taking away the effects of last-year's levers, which distorted the total numbers, you can see that we are a sustainable league," Tebas said. LaLiga projects attendance will surge to over 18 million fans next season and the league will finally break the pre-pandemic recurring revenue record of 5.065 billion euros set in 2019-20. Tebas also announced changes to LaLiga's strict Financial Fair Play rules, introducing a minimum wage cap of 30% of a club's turnover, a move aimed at preventing financially troubled clubs like Sevilla and Barcelona from entering seasons with lower wage caps that have hampered their ability to register and sign new players. Barcelona and LaLiga have fought a fierce battle off the pitch in recent months regarding the registration of players Dani Olmo and Pau Victor, which ended with Spain's National Sports Council (CSD) allowing the duo to play for the club until the end of the season. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
22-04-2025
- Business
- The Star
Soccer-LaLiga scores record commercial revenue in post-pandemic comeback
Soccer Football - Copa de la Liga - Quarter Final - Boca Juniors v River Plate - Estadio Mario Alberto Kempes, Cordoba, Argentina - April 21, 2024 A drone view shows a general view during the match REUTERS/Martin Cossarini MADRID (Reuters) -Spain's top football league posted record commercial revenue in 2023-24, while recurring revenue surpassed five billion euros for the first time since the pandemic, though still falling shy of pre-COVID heights. LaLiga's 5.049 billion euros from its four traditional recurring revenue pillars (matchday, commercial, broadcasting and UEFA prize money) represents a 3.2% increase over the previous season, riding a wave of fan enthusiasm that saw a record 16 million spectators fill stadiums at an average 75.4% capacity. The impressive attendance figures helped drive matchday revenue up 4.8%, while commercial income climbed 7.4% to exceed one billion euros for the second consecutive year. "After the pandemic we said it would take four or five years to recover the COVID losses, and that has been the case," LaLiga president Javier Tebas told reporters. While recurring revenue was up, total revenue dipped 10% to 5.125 billion euros compared to last season's inflated 5.69 billion, which included half of the 1.99 billion euros from LaLiga's deal with private equity firm CVC Capital Partners. "Taking away the effects of last-year's levers, which distorted the total numbers, you can see that we are a sustainable league," Tebas said. LaLiga projects attendance will surge to over 18 million fans next season and the league will finally break the pre-pandemic recurring revenue record of 5.065 billion euros set in 2019-20. Tebas also announced changes to LaLiga's strict Financial Fair Play rules, introducing a minimum wage cap of 30% of a club's turnover, a move aimed at preventing financially troubled clubs like Sevilla and Barcelona from entering seasons with lower wage caps that have hampered their ability to register and sign new players. Barcelona and LaLiga have fought a fierce battle off the pitch in recent months regarding the registration of players Dani Olmo and Pau Victor, which ended with Spain's National Sports Council (CSD) allowing the duo to play for the club until the end of the season. (Reporting by Fernando KallasEditing by Toby Davis)
