Spain: The Economic and Financial Situations of Spanish football, 1999-2013
Liga BBVA and Liga Adelante, the first and second Spanish professional divisions, had €3.573bn in debts at the end of the 2012-13 season, Miguel Cardenal, Spanish secretary of state for sport, announced on 07/05/2014. This represents a decrease of €202.2m, or 5.3%, from the 2011-12 season.
