LaLiga has released the latest edition of its Professional Football Financial Report, which shows that its clubs and limited sports companies’ total revenues reached R44.77bn for the 2015/16 season.
The figure represents a 15% increase on the previous campaign and marks the first time LaLiga has broken the €3bn revenue barrier. The figure also represents an increase of almost 50% from five seasons ago.
Economic control measures imposed by Spain's Superior Sports Council (CSD) in April 2012, and UEFA'S financial fair play have helped reduce the debt of the 42 clubs in Spain's top two divisions in recent years.
Javier Tebas, president, Liga de Fútbol Profesional said: “We are creating a growth strategy to compete with our rivals, the Premier League, Formula One and the NBA.”
“As a business we compare ourselves with the Premier League and in terms of solvency, with the Bundesliga. I can settle for being 15% behind the Premier League by 2020."