Spanish soccer clubs have no option but to face up to reducing players' salaries next season due to the financial impact of the coronavirus pandemic, La Liga president Javier Tebas has said. "Clubs will have to reduce the salaries of their players, there's no other remedy," Tebas said at a virtual conference organised by the Ibero-American Institute for sporting law, quoted by Spanish newspaper AS on Tuesday. Spanish clubs splurged a record amount of money last year on transfers including Barcelona's 120-million-euro swoop for Antoine Griezmann from Atletico Madrid, who in turn splashed 126 million euros on Portuguese forward Joao Felix. "I don't think there will be many transfers next season, in Spain or anywhere else. Teams will either have to reduce footballers' salaries or sign fewer or cheaper players."

Source: Standard Digital May 12, 2020 15:22 UTC