Top-flight Spanish soccer league La Liga has approved a salary raise to €1.2 million (US$1.5 million), with a bonus of €250,000 (US$310,000), for its president, Javier Tebas, after he was offered the top job at Italian rival Serie A.
Luigo De Siervo, chief executive of Italian top tier Serie A, confirmed last Thursday that Tebas had been made an offer of a €1.2 million, four-year contract to become its new chief executive.
The new salary was proposed by La Liga to rival Serie A’s offer in the extraordinary assembly held in Madrid, Spain, and was approved by a large majority of Spanish clubs in the top two flights, although Real Madrid, Celta Vigo and Atletico Madrid are reported to have been among five teams to have voted against the raise.
Under the terms of the newly approved contract, Tebas would be paid for nine months should he leave his role, so long as he does not take up a position with another league.
The 55-year-old has not yet signed the new contract, but on doing so would improve on his current annual wage of €979,033. He is due to talk on Wednesday with Serie A regarding their offer, having revealed to Gazzetta dello Sport last week that he was seriously considering the new position.
Tebas’ new salary with La Liga would be four times bigger than the €348,000 he was originally paid annually upon taking up his position, which was a decrease on that of his predecessor, José Luis Astiazarán, who received a salary of €395,000.
In 2014, the league approved a raise of Tebas’ pay to €425,000 after boosting its broadcast rights revenues.
Raul Martin Presa, president of Rayo Vallecano, said: "We have countered the offer because it was a direct attack on our waterline; La Liga is clearly betting on talent and full growth and Tebes is the greatest advocate we have, we could not let him go."
Raúl Martín Presa, chairman of second-tier outfit Rayo Vallecano, added: "They wanted to take away an irreplaceable person in the short and medium term within La Liga and we have done well to match that offer. They wanted to take him because of their great capacity in everything related to audio-visual rights.”