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Profile: Jose Maria Gay

Jose Maria Gay was a participant or observer in the following events:

University of Barcelona professor Jose Maria Gay publishes a report into the finances of Spanish football clubs. The report paints a grim picture, showing that the 20 La Liga clubs owed a total of €3.5bn in the 2008-2009 season, a €40m increase from the previous term. The report also shows the slowing pace of revenue growth in 2008-2009—down from 10 percent to 4 percent—and total expenses of €1.7bn, up €249m. Salary costs, in particular player wages, accounted for 85 percent of turnover. [Forbes, 5/19/2010]

Entity Tags: Jose Maria Gay

Timeline Tags: Football Business and Politics

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