Plan to Relieve Spanish Football Club Tax Debts

Abstract

Spanish football may be enjoying one of its most successful eras, but its reputation off the pitch recently suffered a hit. A survey of the accounts of the top football clubs revealed a tale of crippling debts and fiscal miscreants. In April 2012, the Spanish government and the football league announced measures designed to pave the way for the clubs to repay their outstanding tax and social security debts. Dr. Ben Van Rompuy, Senior Researcher at the T.M.C. Asser Institute, examines the flexibility of the tax deal and whether the measures adequately manage the problem that caused the debt in the first place.

Keywords: tax, spanish plan, football club, debt, financial, fair play