La Liga Clubs Share Concerns that Proposed Measures against Gambling Sponsorships and Advertising Would Hit Their Finances Hard

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As CasinoGamesPro already revealed, the Government of Spain has proposed some procedures that, if passed, will certainly cause the constraint of gambling advertising in Spanish football. Various other European countries, such as the UK, have actually already taken really comparable actions to the ones suggested in Spain in regards to tackling the web links in between gaming and also football.

As the authorities have described, the set of steps is focused on making sure better security for regional consumers. Regrettably, the measures, if given the green light, might have a substantial monetary influence on the leading football clubs in Spain.

February 2020 saw the Spanish Ministry of Customer Matters (MCA) propose a brand-new Royal Mandate that consisted of measures focused on the provision of better guideline of the conditions under which accredited betting firms operating on the area of the country are allowed to end up being sponsors of Spanish football clubs or advertise and also promote their services to neighborhood football fans.

The latest draft including the proposal was published on June 30th, 2020. It went even better than the initial proposition, as it recommended stricter steps to be presented as well as incorporated many extreme steps that the Spanish Government presented as part of its attempt to limit wagering advertising.

One of one of the most contributions to the New Draft was the suggested restriction on displaying gambling drivers’ logos on football t shirts as a result of sponsorship agreements, which was not consisted of in the initial Draft.

La Liga Clubs Warn They Could Lose up to €80 Million Because of Gambling Sponsorship Changes

The Council of Ministers is anticipated to authorize the New Draft by the end of October, but also for the time being, no official announcement on the matter has been made. In case it gets the Council’s authorization, the steps included in the New Draft are readied to come into force in the country.

The latest steps included in the New Draft dealt with increased concerns in La Liga and also faced some objection by expert football clubs that reported they were expected to shed as long as EUR80 million due to the adjustments they would certainly be forced to bring to their sponsorship arrangements with wagering operators. The football clubs alerted that if they are allowed to continue some sort of relationship with bookies, their contracts’ worth could be decreased to just 30% of the present worth of the recurring agreements.

As a result of the issues, La Liga clubs entered into arrangements with the country’s Government to see whether it would certainly be possible to decrease the adverse financial influence that the brand-new procedures against gambling sponsorships and gambling advertising are anticipated to carry the clubs.

For several years currently, gambling drivers and their sponsorship agreements with La Liga teams have been an essential source of earnings for Spanish football clubs. Currently, 17 clubs in La Liga have business relationships with a gaming brand, with 35% of La Liga clubs including a gambling business on their shirts in the 2020/21 period.