The economic control guidelines of the Liga MX and Expansion They want to put an end to the evils of the past in terms of the financial management of the clubs that make up both circuits. Zero debts with players and staff, three-year financial viability and verification of the source of income and its balance in terms of expenses.
One year has passed since new economic control guidelines for clubs were approved, which are a series of rules that are worked on according to both leagues.
“In the League of Expansion the specific criteria are in relation to the information that the clubs must deliver. Second, the presentation of an annual letter that shows that they do not have overdue, payable debts, although in the case of loans they have a payment time, ”explains to this newspaper the Director of Economic Control of the MX LeagueJose Loyola.
Other issues that were still being discussed in the Enrique Bonilla administration, such as the eradication of contracts in dollars within the workforce or with business partners, are not a topic for the current Management. The controversy pointed to the fact that the high payments for transfers in foreign currency tied the clubs in the long term without certainty of the performance of the players or coaches. As a financial practice, it did not agree with the principles of the Financial Fair Playwith its well-known principle of not spending more than you earn.
“It is a matter of the teams if they want to use another currency in their contracts, what we point out is that they have an appropriate management and administration system, so that if there is a situation in the exchange rates, they regulate it. It is a deal between the club and the player, we only ask that what they spend on the sports squad, they report it and have a level of income according to what they generate and make sure they have the resources to meet those obligations.
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