Finance

Liga MX launches stadium funding initiative

Estadio Olímpico Universitario in Mexico City

Featured image credit: Didaskalia edu/CC BY-SA 4.0/Edited for size

Estadio Olímpico Universitario in Mexico City

Featured image credit: Didaskalia edu/CC BY-SA 4.0/Edited for size

Liga MX, the top division of Mexican club football, has announced a venture that will channel funds to all 18 clubs with the purpose of making stadium improvements.

Mikel Arriola, president of Liga MX, made the announcement in a video released across the league’s social media channels. The initiative is part of Liga MX’s ‘For The Fans’ programme, with Arriola stating that it has been made possible through a significant increase in revenue for the league.

He said: “I want to tell you about a topic that will be emblematic in Mexican football. After many years of work, analysis and striving to have a better football industry, we are going to take a step forward with the initiative that is ‘For The Fans’.

“For the first time in history and thanks to the great work that has been carried out in the financial side, today the income of our league has grown 213%, which will allow us to distribute these resources among the 18 clubs in the league, impacting directly the most important thing: improving the experience of our fans.”

Clubs are set to be allocated funding for projects conducted over the next year, with Arriola stating that those who have already committed to such work will be able to recoup the money they have spent.

Arriola continued: “During the following week, we will coordinate with the directors of each club. The investments that these resources will target will be in one of the following four areas: security, connectivity, pitches and lighting. 

“We know that there are some clubs that have already begun to make improvements in these areas, and it is important to mention that for those clubs the investment will be made retroactively.”

He added: “It is for the fans that we are implementing these actions to raise the quality of our football. Above all, that our fans enjoy going to watch the games in the stadiums, that they do it as a family. In a way in which they feel safe, connected and enjoy a great show.”