‘Just have one Ferrari’: La Liga garbage money projections of Real, Barcelona, Atletico

What occurred within the soccer world after Sunday’s large shock was no shock. The fraternity stood united – save for the 12 homeowners that had signed their golf equipment as much as type the European Super League (ESL). Thereon, the backlash from followers wasn’t surprising. Nor was the sight of gamers, present and former, standing up in opposition to the thought. But for La Liga president Javier Tebas, the creation of the controversial competitors itself was no shock.
“After 20 to 25 years of threats of setting up a new league, a competition outside the football (world as we know it), the threat has come to reality,” he stated at a press convention attended by presidents of 5 different La Liga golf equipment. “Within 48 hours, it’s dissolving.”
The ESL was introduced on Sunday. By Wednesday, all six groups from the Premier League that had signed up had withdrawn, as had Inter and AC Milan from Italy, and Atletico Madrid from Spain. All that remained from the unique 12, and nonetheless stay, is Real Madrid, Barcelona and Juventus.
It all stems from the imaginative and prescient of Real Madrid president Florentino Perez – the important thing determine behind the breakaway league – that the ESL will save soccer from the financial losses suffered because of the COVID-19 pandemic.
That argument nevertheless, was shortly rubbished by the 5 presidents current on the assembly on Thursday.

🎙Javier Tebas [LaLiga president]: “The English and German clubs will never enter this competition so they can’t create what they want to create.”
“The Super League, as it is, is dead. Let’s be realistic it is dead.”
[@NizaarKinsella] #SuperLeague pic.twitter.com/MxK9SxRkuU
— RouteOneFootball (@Route1futbol) April 22, 2021
Need to funds neatly
Based on information offered on Real Madrid’s web site, they had been anticipating a income of USD 984 million in the course of the 2019-20 season. Once the pandemic struck although, the determine got here down by USD 128 million. Still the membership reported a revenue of USD 378,000. This when their house floor, Santiago Bernabeu, is present process an costly renovation challenge. It simply makes the pandemic pinch a bit extra painful. Real, in accordance with accountancy agency KPMG, had a USD 205 million debt on their books on the finish of final season.
Villarreal president Fernando Roig argued that groups have to funds correctly.
“We all do the same things (as the big clubs), but we have tighter budgets. Companies have to adapt to these situations. We do well now because we travel in economy class,” Roig stated. “The salaries paid by these clubs are high, but it shouldn’t be 14 times higher. Instead of having three or four Ferraris, just have one Ferrari.”
According to enterprise information web site Statista, Barcelona, Real Madrid and Atletico Madrid (the three Spanish golf equipment that signed for the ESL) had the best annual participant salaries in Spain within the 2019-20 season – USD 12.28 million, 11.15 million and seven.04 million respectively.
By comparability, Sevilla, at the moment fourth on the La Liga desk, paid USD 2.5 million. The three groups vying for the 2 Europa League spots, Real Sociedad, Real Betis and Villarreal paid USD 1.6 million, 1.5 million and 1.73 million respectively, in accordance with Statista.
Overall, in accordance with Deloitte, the 12 ESL golf equipment earned USD 6.61 billion in complete in 2019-20, down from USD 9.89 billion a season earlier.
Another of the 12 groups that has heavy money owed is Tottenham Hotspur, who’ve not too long ago constructed a brand new stadium. Their debt is USD 827 million, in accordance with KPMG information revealed by Reuters – probably the most for any ESL membership.

False guarantees
The main lure for the 12 groups was the promise of a whopping USD 425 million every (Bayern Munich gained USD 155 million for profitable the Champions League final yr). A piece of this cash, it was anticipated, would come by way of tv rights. Yet Tebas claimed that wasn’t a sensible estimate.
“The figures (Perez) put up are not real, there is not that much money in audio/visual rights in world football to pay what they’re asking,” he stated flatly.
Perez’s argument was that soccer now struggles to seize the eye of youth, and it may be regained solely by way of common matches between high golf equipment – which might in any other case solely happen within the Champions League primarily based fully on a random draw. Levante president Francisco Catalan claimed that “the product might work in the short term, but it will be a failure later,” as common matches between large golf equipment will likely be topic to the legislation of diminishing returns.
No likelihood to rise
Playing within the Champions League – the largest membership competitors on the earth – is what lesser golf equipment aspire to.
“We always dream about getting right to the top, we dream of playing in the Champions League, and our fans dream that too,” stated Roig. “This can only be earned on the pitch. You need to aspire to get to the top. To limit that, (as the ESL proposes), that’s not good.”