The Spanish authorities by means of the Minister of Shopper Affairs, Alberto Garzon, has addressed all 25 La Liga soccer golf equipment presidents in a letter, calling for an finish to playing sponsorships on the finish of this season (2020/21).
The letter additionally informs Laliga golf equipment that their offers with betting firms will develop into forbidden as soon as the brand new royal decree is formally in place, which is simply delayed by approval by a cupboard assembly. The decree impacts all sports activities in Spain.
The letter additional said that betting firms sponsoring groups and athletes had “contributed to normalising a follow with severe well being and social dangers which have to be minimized within the subject of promoting.”
It additionally mentioned, “standing as function fashions had led to a rise in playing amongst younger folks aged 18-25, rising from 29% to 40% within the final 4 years. The sum of money spent by younger folks on playing, in the meantime, had risen by 13% yearly.”
Seven of the 20 top-flight Laliga groups have shirt sponsorship offers with betting firms. With the likes of Granada (Winamax), Levante (Betway), Actual Betis (Betway), Sevilla (MarathonBet), Valencia (Bwin) amongst the remainder.
Laliga president, Javier Tebas, has said that groups would lose as much as €90million if they’re obliged to cease betting offers. He additionally made a request to the Minister of Shopper Affairs, Alberto Garzon, to provide groups a interval of as much as three years to assist them adapt to the adjustments. However the request was rejected.
With golf equipment already going through severe monetary difficulties because of the impression of the Covid-19, this new decree could be an enormous blow and setback for the revenues of Laliga groups. In accordance with reviews, the overwhelming majority of groups are very offended with this resolution made by the federal government.