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Spain to sell TV rights

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  • Spain to sell TV rights

    MADRID -- Spain's government says it plans to push for a new law that will give the Spanish football league control over the collective sale of television rights in a move to improve club finances.
    Miguel Cardenal, president of Spain's Sports Council, says he wants to present the new law this year.
    Currently, powerhouses Barcelona and Real Madrid earn several times more than the rest of Spain's clubs from TV rights which they sell individually.
    Barcelona and Madrid have won the last nine league titles between them.
    Cardenal also says the government's new plan for sustainability has set a target of reducing the debt of Spain's football leagues from 4 billion euros ($5.2 billion) to 3 million euros ($3.9 million) by 2016.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
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