Spanish soccer clubs sponsored by betting companies have been advised to end their contracts before the end of the season in anticipation of a new law on gambling advertising, according to a letter sent by government minister of consumer affairs Alberto Garzon on Wednesday.
Currently, teams are allowed to have betting companies as their shirt sponsors, such as Betway sponsoring Real Betis, Levante and Alaves at the same time. Cadiz being sponsored by Dafabet, Granada sponsored by Winamax, Sevilla sponsored by Marathon Bet, and Bwin sponsors Valencia, as their logos being displayed in front of the team shirts.
However, the Spanish government have decided to rule in favour of a bill to ban all such sponsorships in moving forward, after studies discovered that there’s been an increase in numbers of young people gambling across the country, and this has been blamed on the sheer volume of betting companies sponsoring club kits.
Football Espana noted that this ban extends to sponsoring stadium names and any other aspect within the clubs.
It said that athletes’ status as role models had led to an increase in gambling among young people from the age range of 18 to 25, and arose from 29% to 40% in the last four years. The amount of money spent by young people on gambling, also increased by 13% yearly.
Top-flight clubs are already dealing with serious financial constraints due to the impact of the coronavirus pandemic, which Valencia president Anil Murthy said had cost the club around 100 million euros in lost revenue.
La Liga president Javier Tebas has spoken out against the decree, saying on Monday that clubs would lose a combined 90 million euros and that the league was trying to increase the transition period to up to three years to help teams acclimatise.