Liga: rising expenses and declining revenues in 2014 winter market, - €4.8m deficit

The 2014 winter transfer window in La Liga is characterised by a balance deficit of - €4.8m. The 20 clubs in the Spanish first division had achieved a balance profit of €9.5m the previous year in January 2013. This result is explained by a 50% decrease in sales (€11.5m in January 2014 against €23.15m a year earlier) and a 19.3% increase in...