MX23RW : Wednesday, December 18 18:07:26| >> :600:395727:395727:

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

Spanish Football Federation creates loan fund of €500m to help clubs
© Reuters
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
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."

ID:394277: cacheID:394277:1false2false3false:QQ:: from db desktop :LenBod:restore:4086:
Written by
P A
Restore Data
Share this article now:
Celtic manager Neil Lennon reacts on February 27, 2020
Read Next:
Neil Lennon admits European exit is "only disappointment" of Celtic season
>
Read more about Luis Rubiales Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool15113131131836
2Chelsea16104237191834
3Arsenal1686229151430
4Nottingham ForestNott'm Forest168442119228
5Manchester CityMan City168352823527
6Bournemouth167452421325
7Aston Villa167452425-125
8Fulham166642422224
9Brighton & Hove AlbionBrighton166642625124
10Tottenham HotspurSpurs1672736191723
11Brentford167273230223
12Newcastle UnitedNewcastle166552321223
13Manchester UnitedMan Utd166462119222
14West Ham UnitedWest Ham165472129-819
15Crystal Palace163761721-416
16Everton153661421-715
17Leicester CityLeicester163582134-1314
18Ipswich TownIpswich162681628-1212
19Wolverhampton WanderersWolves1623112440-169
20Southampton1612131136-255


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!