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Spanish Football Federation creates loan fund of €500m to help clubs

:Headline: Spanish Football Federation creates loan fund of €500m to help clubs:
Federation president Luis Rubiales does not expect football to resume in Spain until the summer.
Sports Mole

The Spanish Football Federation has made a fund of 500 million euros – approximately £450million – available in loans to help clubs experiencing financial difficulties because of the coronavirus pandemic.

The money, for LaLiga and Segunda Division teams, aims to guarantee the viability of clubs and ensure they are able to pay wages.

The federation is also making four million euros (£3.6million) available for non-professional clubs and offering the services of its psychologists and physiotherapists for national health efforts along with the Spain national team's hotel.

Federation president Luis Rubiales told a press conference: "Hopefully we can soon return to normality in all areas.

Luis Rubiales, President of the Royal Spanish Football Federation (PA)

"We are working with the magnificent work of the territorial federations to solve problems. The words to which I want to appeal are unity, hope, rigour and discipline towards the victims, the authorities and society as a whole. Together we will defeat the virus."

Football in Spain was suspended indefinitely earlier this week and the country's death toll from the virus is now higher than any other except Italy.

Rubiales said the intention remained to complete the current season, saying: "Many voices will emerge and we have a voice from the beginning that says health first, then you have to finish the competitions when they can be resumed and finally address what the next season will be like.

"We feel comfortable like this and we have broadcast to the clubs.

"We were quite cautious and not very optimistic about being able to play soon. We see it almost impossible to do so at the beginning of May – and I hope I'm wrong. We should consider starting to play games beyond June 30 and tackle the losses this causes with solutions."

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2Manchester CityMan City17105229131635
3Leicester CityLeicester18112533211235
4Liverpool1897237211634
5Tottenham HotspurSpurs1896333171633
6Everton1710252821732
7Chelsea1885533211229
8Southampton188552621529
9West Ham UnitedWest Ham188552521429
10Aston Villa1582529161326
11Arsenal187382019124
12Leeds UnitedLeeds187293034-423
13Crystal Palace196582233-1123
14Wolverhampton WanderersWolves196492129-822
15Newcastle UnitedNewcastle175481827-919
16Brighton & Hove AlbionBrighton193882229-717
17Burnley17449922-1316
18Fulham172691425-1112
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20Sheffield UnitedSheff Utd1912161032-225
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Premier League Table
TeamPWDLFAGDPTS
1Manchester UnitedMan Utd18114334241037
2Manchester CityMan City17105229131635
3Leicester CityLeicester18112533211235
4Liverpool1897237211634
5Tottenham HotspurSpurs1896333171633
6Everton1710252821732
7Chelsea1885533211229
8Southampton188552621529
9West Ham UnitedWest Ham188552521429
10Aston Villa1582529161326
11Arsenal187382019124
12Leeds UnitedLeeds187293034-423
13Crystal Palace196582233-1123
14Wolverhampton WanderersWolves196492129-822
15Newcastle UnitedNewcastle175481827-919
16Brighton & Hove AlbionBrighton193882229-717
17Burnley17449922-1316
18Fulham172691425-1112
19West Bromwich AlbionWest Brom1825111441-2711
20Sheffield UnitedSheff Utd1912161032-225
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