Quiet January transfer window in recession-hit Spain
Quiet January transfer window in recession-hit Spain (News Feature) - Monsters and Critics: "Normally the clubs of La Liga are amongst the most active participants in the European January transfer window, together spending as much if not more than their English, German and Italian counterparts.
Not this year, however.
Spain is still immersed in a profound economic recesssion, with unemployment close to 21 per cent, and the country's football clubs have responded to this crisis by tightening their belts.
According to the AS sports daily on Tuesday, the 20 clubs spent a mere 27.7 million euros (37.8 million dollars) on new players, almost 10 times less than the English Premier League.
The 2011 figure was marginally higher than that from 2010, but far less than the record 66.1 million euros the Spanish clubs spent in January 1998."
Not this year, however.
Spain is still immersed in a profound economic recesssion, with unemployment close to 21 per cent, and the country's football clubs have responded to this crisis by tightening their belts.
According to the AS sports daily on Tuesday, the 20 clubs spent a mere 27.7 million euros (37.8 million dollars) on new players, almost 10 times less than the English Premier League.
The 2011 figure was marginally higher than that from 2010, but far less than the record 66.1 million euros the Spanish clubs spent in January 1998."
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