Economic Crisis Spain Soccer

Spain survive both the debt crisis and the highest unemployment lives EU does not have much to celebrate in recent years among exploitation soccer star Iker Casillas and Xavi Hernández . Spanish national team won the 2008 European Championship and 2010 World Cup. Now Spanish announcer said they may not be able to pay for the TV rights to future soccer matches.Antena 3 de Television and COMUNICACION Mediaset España, Spain largest commercial TV station, said that when the rights to broadcast the weekly game football next season coming up for sale In June, they will not bid unless prices fall by half. Rival station La sexta, Antena 3 will participate, paid about € 60 million ($ 79 million) last year, or € 1.6 million for each of the 38 games, according to the broadcaster Antena 3.Spanish resistance to change their country's success field into a profitable business. A 15-year Spanish law requires a big game a week shown free on broadcast TV, the rest went to cable and satellite pay-TV operator. That dearth of sports programs for conventional broadcasting has helped push the price they have to pay to broadcast the weekly game, which can be a huge ratings draw. Pay TV operators will suffer because they lose revenue from subscription content fans to watch a game in a week for free, Spanish League Soccer said. "The problem with sports is good for ratings, but it is financially catastrophic," says Chief Executive Officer Antena 3 prospect Silvio González.The lower TV revenue threatens the financial viability of the Spanish club and their ability to slow the exodus of star players in the English Premier League, where the club is bankrolled by Russian oligarchs, Middle Eastern oil sheiks and the Indian food company. Player is concerned about how the Spanish team to honor the contract if there is a fall in the value of TV rights, says Rodrigo García, a lawyer in Madrid to handle negotiations for multiple players in La Liga. "You do not pay for 100 percent certain," she says.While Spanish league, which generates about € 600 million in annual revenue flat, track league in total revenue, the superstar of the highest paid players in the world. France Football Magazine predicted that Barcelona's Lionel Messi is the No. 1 football recruiting with an annual income of € 33 million cost, including base salary, bonuses and endorsement deals. Cristiano Ronaldo of Real Madrid is not. 3 to € 29 million, the publication said. Representatives for refusing to comment.Players the player to leave the country in the last two years the Spanish national team player David Silva and Juan Mata, who left Valencia to Manchester City and Chelsea, according to the order. Valencia Bank stopped lending money, and at one point it was late in paying salaries to players.European media is abuzz with speculation that other stars can go to the north. Manchester City, owned by Sheikh Mansour bin Abu Dhabi Zayed Al Nahyan, may make an offer of 42 million ($ 67 million) pounds for the striker Radamel Falcao to, who scored more than 25 goals for Spain Atletico Madrid this season, the Sun reported on 29 March. Chelsea, controlled by billionaire Roman Abramovich, can pay £ 80 million for Ronaldo and Real Madrid teammate Gonzalo Higuain, Daily Telegraph said on March 26. Representatives for the club refused comment.In English Premier League, La Liga biggest rival, no games will be shown live on free TV. British Sky Broadcasting Group (BSY), a pay-TV company who hold exclusive rights to the game top English football since 1992, has more than 10 million customers and is one of the most profitable business of Rupert Murdoch's News Corp. (NWSA) Although the team admits there is little hope of the Spanish government will end the free-to-air TV rules in the current economic environment, it does not stop them from crying foul. "It is not mandatory to put movies on free television or theater in Spain," said league spokesman Juan Carlos Santamaria. "So why should it for football?" Bottom line: Spanish football generates $ 792 million per year in TV revenue. Forerunner say they can not pay the heavy TV rights.