Spain foregoes government subsidy for 2nd year
World and European champion Spain’s success on the field has
allowed it to forego an annual government subsidy for the second
The Spanish federation says president Angel Maria Villar
confirmed the move Monday, allowing Spain’s government to recoup
?3-4 million ($4-5.3 million) only days after announcing a round of
cuts would affect national federation budgets.
Spain sports minister Miguel Cardenal says the sacrifice ”will
benefit the other federations.”
Spain became the first European country to defend its
continental title this year. It has a host of big-name sponsors on
its bankroll, including Adidas, telecommunications company
Telefonica and energy outfit Iberdrola.
Nearly a quarter of Spain’s population is unemployed with the
government’s austerity measures meant to fight a double-dip