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Madrid, Feb 2 (EFE).- The economic impact of the investment fund CVC Capital Partners in Spain not only affects the LaLiga clubs, which will share 1,994 million euros for infrastructure, reducing debt and staff. That amount will generate, around football, almost 50,000 jobs, exactly 49,714, according to a report by the KPMG firm revealed by the organization chaired by Javier Tebas.
The football industry can be the economic engine of a country and in the orbit of Tebas’ big bet (an alliance with the British CVC fund that will allocate 1,994 million euros through LaLiga Impulso) there revolves a not inconsiderable number of positions. job.
The direct effect on the labor market will be 18,862 new jobs; the indirect, 22,136; and the induced effect (the work that is generated thanks to the consumption of goods and services of employees of the sectors that benefit directly and indirectly from the investments and expenses) of 8,716.
In addition, the report from the KPMG firm indicates that the total impact on the country’s economy will reach 0.48 percent of the Gross Domestic Product (GDP), that is, a total of 6,291 million euros. Of them, 2,729.8 million will have a direct effect, 2,647.6 million will have an indirect effect and 913.9 million will have an induced effect.
That will not be all, because in fiscal matters the investments will provide a contribution to the State coffers of 1,274 million euros. Almost 500 million will come through Personal Income Tax and Social Security, 457 will be from VAT and 318 from Corporate Tax.
“As our president, Javier Tebas, says, with this plan we are accelerating actions to do in four or five years what previously would have taken 20 years,” explains Jaime Blanco, director of the Clubs Office and deputy to the Presidency of LaLiga.
“The important thing here is that the plan attracts additional funds, they will not remain just those 2,000 million that are in the football industry. There is a multiplier effect,” adds Blanco.
LaLiga clubs have already received 1,028 million euros of the total of 1,929 million agreed with CVC. Many have already begun to use them to revalue their infrastructure. For example, Getafe, which has built modern offices adapted to new times in front of the Coliseum.
Others, like Atlético de Madrid, are already working to improve access to the Cívitas Metropolitano stadium before building their new sports city. UD Las Palmas also wants to improve its heritage and Barranco Seco, the home of its quarry, is under construction.
The list is long. No club wants to be left behind. Mallorca’s stadium, Son Moix, has been renovated, Granada and Eibar are improving their facilities… And the vast majority of clubs have embarked on a financial adventure that will bring benefits, among other things, to their facilities.
In order to receive part of the funds, LaLiga Impulso is clear with its rules: 70 percent of the expenses of the amount received must be allocated to investments for growth; 15 percent, to pay off debt; and the remaining 15, for the squad, that is, to expand the registration capacity related to the cost of all players, members of the first team and technicians.
The three key financial parts of a football club will be reinforced thanks to an investment that will generate wealth in the short and long term. Especially long. It’s the idea. The renewal of infrastructure will become tangible assets for the future that will also impact the rest of society: employment, one of the historic pending issues in Spain, will be reinforced thanks to the agreement between the CVC investment fund and LaLiga .
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