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La Liga creates ¬200m contingency fund to boost Spanish sports

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Clubs in Spain's top two divisions have agreed to give an additional €200 million ($217m) over the next four years to boost Spanish sports and lower league football, the league's organising body La Liga said in a statement on Tuesday.
Since signing a collective broadcasting rights deal in 2015, La Liga has donated 1% of its revenue to Spain's sports ministry.
It has increased this to 2.5% as part of a new agreement, while it has doubled its contribution to the national football federation...
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