LaLiga chief Javier Tebas highlights importance of sports to Spanish economy

Tebas featured in a panel discussion, which debated issues relating to culture and sport, alongside the president of Atletico de Madrid and EGEDA, Enrique Cerezo; the President of Iniciativas Teatrales, Enrique Cornejo; and Carlos Sainz, rally driver and the Director of Carlos Sainz Karting.

"LaLiga clubs, like any other business, have owners who risk their assets to create not only entertainment but also wealth for Spain and its citizens. Sport generates 2 per cent of Spanish GDP, of which LaLiga accounts for 1.37 per cent, 185,000 jobs and, 4.1 billion euros in tax revenue," Tebas said.

"We are one of Spain's most important net export industries, if not the most important. We have a product, football, which is exported across the world via satellite and without transport and shipping costs.

"Exporting our broadcasts costs 40 million euros and in return we generate over 1.4 billion euros between broadcast revenues and sponsorships, a net total of over 1.35 billion euros coming into Spain.

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