La Liga has said in a statement that in the top 2 divisions have pledged to donate an additional amount of 200 million euros in the span of next four years, in order to boost the popularity of sports in Spanish, particularly lower league football.
In 2015, La Liga signed a broadcasting rights deal which included donating 1% of its revenue being donated to Spain’s Ministry of Sports. But as of now, It has been increased to 2.5% as part of a new agreement, while it has also doubled its contribution to the National Soccer Federation (RFEF) from 1% to 2%.
This agreement has come after an eight-hour meeting between La Liga’s President, Javier Tebas and RFEF’s Chief Luis Rubiales, they were also joined by the Sports Minister Irene Lozano.
“This agreement looks to help sport not just in these moments of crisis provoked by COVID-19 but forever,” stated La Liga in a statement.
“This is a structural measure with no time limit which will strengthen the commitment of the professional clubs and La Liga with Spanish sport.” It added.
Reportedly, Many La Liga clubs have been suffering financially by the pause in playing football, due to the COVID-19 pandemic.
To cut costs, these clubs have enacted wage cuts, although other sports and non-professional clubs have also been hit during the national state of emergency.
The virus has so far infected more than 200,000 people in Spain, claiming 21,282 lives.