Spanish football takes steps on high value transfers

The Spanish Football League (LFP) has unveiled details of new rules designed to stop clubs overspending on players, with the country’s Secretary of State for Sport Miguel Cardenal hailing the news as a “profound cultural shift”, reports SportBusiness.

The rules will take effect from July 1 and have been drawn up by the LFP and the Spanish Sports Council (CSD).

They include powers to limit the total cost of a club’s squad and to refuse to register players if they are deemed too expensive.

Deportivo La Coruna this month became the latest Primera Division club to seek assistance to avoid going out of business after announcing that it had filed for bankruptcy protection.

“This is a profound cultural shift in Spanish football,” Cardenal said of the new rules, according to Reuters. “The rules are a tool capable of serving as an instrument to get us back to reality in the face of some of the most significant problems confronting Spanish football.”

Wednesday’s announcement is the latest move from Spanish authorities to clear up the debt crisis in the domestic game.

 
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