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Tuesday, June 2

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Spanish Football Federation creates loan fund of €500m to help clubs

:Headline: Spanish Football Federation creates loan fund of €500m to help clubs: ID:394277: from db_amp
Federation president Luis Rubiales does not expect football to resume in Spain until the summer.

The Spanish Football Federation has made a fund of 500 million euros – approximately £450million – available in loans to help clubs experiencing financial difficulties because of the coronavirus pandemic.

The money, for LaLiga and Segunda Division teams, aims to guarantee the viability of clubs and ensure they are able to pay wages.

The federation is also making four million euros (£3.6million) available for non-professional clubs and offering the services of its psychologists and physiotherapists for national health efforts along with the Spain national team's hotel.

Federation president Luis Rubiales told a press conference: "Hopefully we can soon return to normality in all areas.

Luis Rubiales, President of the Royal Spanish Football Federation (PA)

"We are working with the magnificent work of the territorial federations to solve problems. The words to which I want to appeal are unity, hope, rigour and discipline towards the victims, the authorities and society as a whole. Together we will defeat the virus."

Football in Spain was suspended indefinitely earlier this week and the country's death toll from the virus is now higher than any other except Italy.

Rubiales said the intention remained to complete the current season, saying: "Many voices will emerge and we have a voice from the beginning that says health first, then you have to finish the competitions when they can be resumed and finally address what the next season will be like.

"We feel comfortable like this and we have broadcast to the clubs.

"We were quite cautious and not very optimistic about being able to play soon. We see it almost impossible to do so at the beginning of May – and I hope I'm wrong. We should consider starting to play games beyond June 30 and tackle the losses this causes with solutions."

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3Leicester CityLeicester29165858283053
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Premier League Table
TeamPWDLFAGDPTS
1Liverpool29271166214582
2Manchester CityMan City28183768313757
3Leicester CityLeicester29165858283053
4Chelsea29146951391248
5Manchester UnitedMan Utd29129844301445
6Wolverhampton WanderersWolves29101364134743
7Sheffield UnitedSheff Utd28111073025543
8Tottenham HotspurSpurs29118104740741
9Arsenal2891364036440
10Burnley29116123440-639
11Crystal Palace29109102632-639
12Everton29107123746-937
13Newcastle UnitedNewcastle2998122541-1635
14Southampton29104153552-1734
15Brighton & Hove AlbionBrighton29611123240-829
16West Ham UnitedWest Ham2976163550-1527
17Watford2969142744-1727
18Bournemouth2976162947-1827
19Aston Villa2874173456-2225
20Norwich CityNorwich2956182552-2721
Scroll for more - Tap for full version
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