Javier Tebas rarely pulls his punches, and the president of La Liga was in fiery form, ripping into Paris Saint-Germain president Nasser Al-Khelaifi and the Premier League as part of a stout defence of the Spanish game at this week’s Financial Times Football Business Summit.
Tebas took issue with the Premier League’s new “squad
cost ratio” system that is replacing the profitability and sustainability
framework, saying it would not end the financial imbalances he has long
lamented between the English top division and continental European
competitions.
The Premier League’s new regulations will penalise clubs if
they spend more than 85 per cent of revenue on transfers and wages, but Tebas
faulted it for excluding other costs from the calculation. “They’re going to
have more inflation and more problems,” he predicted. “A rule that does not
take expenses into account is useless.”
Premier League boss Masters later dismissed this criticism,
insisting the squad cost ratio would bring financial rigour to English
football.
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