The RFEF approves a budget of 392 million for 2024

by time news

2023-12-21 14:36:34

The Extraordinary General Assembly of the Royal Spanish Football Federation (RFEF) approved this Thursday by majority a planned budget of 392 million euros for 2024 and also removed housing aid from the president’s remuneration.

As detailed Eduardo BandresTreasurer of the RFEF, recalled that in this budget, both in income and expenses, “milestones” had to be taken into account such as the participation of the Absolute men’s team in the European Championship in Germany and the U-23 team in the Olympic Games. , in addition to the possible of the Women’s Absolute in Paris, or the “preparation” of the 2030 World Cup candidacy together with Portugal and Morocco.

The amount of 392.1 million It is a small increase of 2.55 percent compared to the previous one (382.3 million) and that 30 percent (117) comes from income from the sale and marketing of audiovisual rights, another 20 percent from sponsorships ( 78) and a 10 for the organization and participation in events (39).

Furthermore, Eduardo Bandrés also referred to the subsidy that the organization receives from the Higher Sports Council (CSD), close to 10 million, 7.5 million destined for the World Cup bid. “Sometimes, the public can understand that the RFEF has its financing linked to the General State Budgets, but nothing could be further from the truth, they are from its own income,” he pointed out.

Regarding the expenses foreseen in the budget, the Treasurer pointed out that there is also continuity with the usual programs that constitute the basis of the RFEF’s activities and that the expenses and aid to non-professional clubs and competitions total 84.5 million euros, “a very relevant amount”; while the aid to the Territorial Federations reaches 31, and the program ‘Quarry with Values’, 10.3, which represents in total “almost a third” of the expenses.

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Furthermore, there are the aid planned for national teams (64 million) and for the 2030 World Cup candidacy, the money allocated for the participants in the Spanish Super Cup and the Copa del Rey (37) or the 51 million in arbitration expenses “that are financed with what is received from income derived from the payment of these services”.

The budget was voted in favor by a majority, with 70 votes in favor, 2 against and 1 abstention by a General Assembly where practically half of its assembly members were missing (140), while with 69 votes in favor and 4 abstentions the proposal of the Management Commission to maintain “the same scheme plus the CPI corresponding to December” was carried out for the president’s remuneration, but eliminating the so-called ‘Housing help‘which Luis Rubiales enjoyed and which amounted to 3,000 gross euros per month.

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