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Spanish sport survives budget cutbacks
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Spanish sport survives budget cutbacks

Oct 1 2013, 3:20am CDT | by IANS

Madrid, Oct 1 (IANS) The announcement of the 2014 budget may have brought bad news for many Spaniards, among them the country's pensioners whose pensions for the coming year will increase by well below the rate of inflation, but there was a glimmer of optimism for the country's sporting institutions which have seen their budget increase.

Madrid, Oct 1 — The announcement of the 2014 budget may have brought bad news for many Spaniards, among them the country's pensioners whose pensions for the coming year will increase by well below...

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1 year ago

Spanish sport survives budget cutbacks

Oct 1 2013, 3:20am CDT | by IANS

Madrid, Oct 1 (IANS) The announcement of the 2014 budget may have brought bad news for many Spaniards, among them the country's pensioners whose pensions for the coming year will increase by well below the rate of inflation, but there was a glimmer of optimism for the country's sporting institutions which have seen their budget increase.

Madrid, Oct 1 — The announcement of the 2014 budget may have brought bad news for many Spaniards, among them the country's pensioners whose pensions for the coming year will increase by well below the rate of inflation, but there was a glimmer of optimism for the country's sporting institutions which have seen their budget increase.

The failure of the Madrid bid for the 2020 Olympic Games was expected to lead to further cutbacks in public funding for sports, which can be seen as non-essential in times of economic crisis, reports Xinhua.

However, the 2014 budget announced by Treasury Minister Cristobal Montoro Monday actually saw the budget for Spain's Superior Sports Council (CSD) raised to 80.1 million euros for the coming year.

That is a 6.65 percent increase on the 2013 budget, which had suffered a serious readjustment in relation to the money spent on sport in Spain in 2012.

The year 2013 saw the CSD exist on a budget of 75.15 million euros, while in 2012 the budget was 121 million, along with a further 83 million raised through betting tax and the 'quinella' (Spanish football pools).

Meanwhile, 2014 will also see Spain's sporting federations receive subsidies of 36.8 million euros, which is six million more than this year. This will be a help, although it will not see them equal the spending power of 2012 when subsidies reached a level of 47 million euros.

The decision means that although many of Spain's minority sports are still going to suffer hard times in 2014, they will perhaps not face the cataclysmic situation many had feared after Madrid failed in the Olympic Games bid.

However, as the Secretary of State for Sport, Miguel Cardinel said at the start of the month, it is important that many of Spain's sports reduce their spending in line with their income and many sports such as handball and the country's ACB basketball league are going to have to live more in line with the number of spectators they can attract to their arenas every weekend.

IANS

Source: IANS

 
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10

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Source: thehubsa   Full article at: thehubsa
 

 
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Lucas Leiva celebrates making his 250th appearance for Liverpool after defeat to Real Madrid

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Source: 101 great goals   Full article at: 101 great goals
 

 
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Sergio Aguero is on a par with Lionel Messi, says Manchester City team-mate Yaya Toure

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Source: Mirror Football   Full article at: Mirror Football
 

 
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Keeper Iker Casillas Not Looking To Quit Real Madrid Or Spain Anytime Soon

Nov 4 2014 9:08am CST | Source: CaughtOffside

Veteran shot stopper not looking to relieve himself of custodial duties just yet. Iconic Spanish goalkeeper Iker Casillas has endured a tough few years for both club and country. After being dropped for Diego Lopez in 2013 he has had to watch in frustration as his club side compete in La Liga from the bench as well as seeing his national team spot come under pressure after some ropey performances at the Wor ...
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Lionel Messi turns to Argentina physio over injury worries

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According to reports in Spain, Barcelona's playmaking genius is concerned about his fitness, and has been looking outside the club for assistance. Barcelona's Lionel Messi, whose fitness has been the cause of concern for some time, has been undergoing extra physiotherapy work with the Argentina national team doctor, according to reports in Spain. Television station La Sexta claims that Marcelo D'Andrea ...
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Real Madrid Keeper Iker Casillas Hopes to Swap Shirts with Mario Balotelli

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Mario Balotelli got all kinds of criticism when he swapped shirts with Pepe at half-time of Liverpool's Champions League defeat to Real Madrid two weeks ago.  But hey, it is clearly a jersey that is in demand within the confines of the Real Madrid dressing room.  The Daily Mail interviewed Real Madrid's Iker Casillas ahead of the return match on Tuesday night, and the goalkeeper admitted he has his eye on Balotelli's shirt. This time, though, there will be o ...
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FC Tokyo reportedly eyeing Barcelonas Xavi

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Spanish Paper Talk: Cristiano Ronaldo Has An Objective To Equal Raul’s Record

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The Magnificent '7' as another Los Blancos legend looks to make Champions League history... All the latest headlines from the newspapers in Spain as Cristiano Ronaldo is just one goal behind Raul's Champions League record of 71 ahead of tonight's game against Liverpool.  Image courtesy of Marca. - The Magnificent ‘7’. - Cristiano can today equal Raul’s 71 goals in the Champions League. He is one goal awa ...
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6 weeks ago

David Moyes wants Phil Neville as his number two if he takes Real Sociedad job

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