La Liga president Javier Tebas Friday expressed fears that top Spanish footballers could move to England in lure of big money to play in the English Premier League (EPL) after new television rights deal of a record 5.13 billion pounds made it the richest league in the world.
Broadcasters Sky and BT Sport, reportedly, paid the amount for telecast of live Premier League match rights for three seasons from 2016-17.
"We have a serious problem. We won't be the best league in a year. We're going to lose a lot of value in the market because the Premier League is going to snap up all of the global TV competition and contracts," Tebas was quoted as saying by the bbc.com.
"Unless we urgently move towards centralised TV rights sales, Spanish football is going to have a very serious problem. Economically we'll end up with a fifth-level competition," Tebas added.
The Premier League's new deal represents a 70 percent increase on Sky and BT's current three billion pound deal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app