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La Liga president Javier Tebas worried that Premier League spending could destroy the game

Javier Tebas

The recently closed summer transfer market was a bit of an odd one when it came to the dynamics of European football. Even as clubs from the rest of the countries struggled to cope up with strict wage limits and reduced revenues, spending of the Premier League sides hit record-hitting levels with the 20 teams in the English top-flight splashing out a whopping £1.9 billion between them on new player signings.

While Chelsea (£253.79 million) under new owner Todd Boehly and Manchester United (£216.30m) under the managerial rule of Erik ten Hag both broke the £200m barrier in expenditure, a further seven clubs exceeded the £100m mark, as per Transfermarkt data.

It goes without saying that at the end of the day, the Premier League sides have spent more than La Liga, Bundesliga and Serie A sides combined which reflects the poor state of the imbalance in European football. The financial gulf between England and the rest of Europe only continues to grow with time and La Liga president Javier Tebas is concerned about this disparity.

Tebas, on his part, is extremely strict about enforcing proper financial fair play as has been proven with the case of Barcelona struggling to register players over the last two seasons due to reduced revenues. The 60-year-old also advocates for England to introduce similar measures.

“Premier League revenues are 1.8 times more than La Liga or Bundesliga but this negative amount is 20 times more than the Spanish league which has very good financial control,” Tebas told The Daily Mail, speaking at a meeting to discuss La Liga spending caps this season.

“There were €277m in capital increases in La Liga. €2376m in Premier League which are contributions and loans provided. In the Championship it was €1385m. It would be normal if they signed twice as many players but they have spent much more than even that. This can only be possible if the owners get out their cheque books and these are different models.”

He also went on to add that owners are now in a position where they can just come in and take over a club and start spending big on their own accord. The cases of Manchester City and PSG in France are prime examples as the two sides are state-owned clubs of UAE and Qatar.

This creates a level of unsustainability that endangers the football industry according to Tebas. He also believes that La Liga and Bundesliga are the most financially sustainable football leagues currently.
“We’re going to put all this to UEFA and it is important for all the other European leagues as we want sustainable European football,” he concluded.