MADRID -- The Spanish league says it will start rating its clubs financially from next season in an effort to increase transparency and attract more investors.
La Liga president Javier Tebas says the unprecedented move in Europe is another step toward strengthening the finances of Spanish football and "will be an essential factor in continuing to make up ground on the Premier League."
The league hopes that the ratings will make it easier for banks and sponsors to trust the local clubs and help them bring in new funds.
Tebas said on Wednesday in a meeting with local companies that the Spanish league's "main goal in the next four years is to close the gap on the Premier League in terms of revenue and to avoid the creation of a European Super League."