NEW YORK (AP) — Spanish league president Javier Tebas rejected Real Madrid goalkeeper Thibaut Courtois' plea to postpone the team's 2025-26 opener to give players time to rest following the expanded Club World Cup.
Real Madrid was eliminated with a 4-0 semifinal loss to Paris Saint-Germain on Wednesday and will have a 41-day offseason before their La Liga opener against Osasuna on Aug. 19.
Tebas said the decision not to move the opener was made by the Spanish Football Federation and La Liga agreed with it. He said players were to have 21 days off and 21 days of preseason training.
“I believe that they will have 20 days to rest instead of 21 and no other leagues like the Premier League for Chelsea or the French Ligue 1 for PSG are changing the games,” he said through a translator during a Friday interview with The Associated Press. “So I don’t believe that we should change the calendar for that reason, especially thinking that it’s a matter of one day.”
Real Madrid played 68 competitive matches in a season that started Aug. 18: 38 in the league, 14 in the Champions League, six each in the Copa del Rey and the Club World Cup, two in the Spanish Super Cup and one apiece in the European Super Cup and Intercontinental Cup.
PSG will play its 65th game in Sunday's Club World Cup final and Chelsea its 64th. PSG opens its season from Aug. 15-17 at Nantes and Chelsea starts against Crystal Palace on Aug. 17.
“It’s always the same for La Liga," Courtois said Wednesday. "To listen those comments from a president it’s something that I haven’t seen it in Italy, or in England, nor the NBA and NFL. It’s fine if Tebas doesn’t like the Club World Cup, but it exists. It’s part of the FIFA calendar. We’re here competing, and it seems this gentleman just wants to be the focus. I’ve never seen a president of another competition speak like that. The players' heath is on the line.”
On other topics:
Tebas said Real Madrid seeking its own path rather than working collectively with La Liga is his biggest problem.
“They don’t actually understand that we’re a huge league and that if we will collaborate it’s going to be positive for all of us," he said. “The believe in the Super League and in order to get a strong Super League they need a weak national league. So they are working toward that objective.”
Barcelona hopes to move back to Camp Nou after two seasons at the Olympic Stadium. Camp Nou's renovations are ongoing.
“They are waiting for a license that is provided by the city hall,” Tebas said. “We believe that probably by the fourth week of the competition he should be ready to play again.”
That would put the Blaugrana on track for a mid-September return to a venue that will remain under construction.
Barcelona is on track to meeting financial guidelines that would allow them to make moves in the transfer market.
“Barcelona’s financial situation is good,” Tebas said. “They are close to acquiring all the players they want in the coming months.”
Tebas hopes financial monitoring rules designed to restrain deficit spending become more consistent among UEFA and the European leagues.
“I believe that they’re working on the good path to harmonize all the financial workplace rules that we have in Europe with the different institutions,” he said. “That’s something that we’re seeing, as well, with Premier League.”
La Liga's games are mostly streamed in the U.S. by ESPN, while the Premier League has a large broadcast presence on NBC and USA.
“Free-to-air always offers bigger audiences, for sure, but we don’t interfere in our broadcasters’ models and we’re very happy the way it is being distributed,” he said. “However, there is something else that we can add, and it’s that nowadays, and thanks to social media, we can connect with million of fans through highlights and other social content.”
Unauthorized used of live broadcasts is a global issue for La Liga.
“We are working very hard to fight the piracy,” he said,. “something that is affecting the value of our TV rights.”
AP Sports Writer Eric Nuñez contributed to this report.
AP soccer: https://apnews.com/hub/soccer
Javier Tebas, president of Spanish soccer's La Liga, speaks in New York, Friday, July 11, 2025, in New York. (AP Photo/Ted Shaffrey)
Javier Tebas, president of Spanish soccer's La Liga, speaks in New York, Friday, July 11, 2025, in New York. (AP Photo/Ted Shaffrey)
Javier Tebas, president of Spanish soccer's La Liga, speaks in New York, Friday, July 11, 2025, in New York. (AP Photo/Ted Shaffrey)
NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.
Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.
Strong opposition is certain from Wall Street in addition to the credit card companies, which donated heavily to his 2024 campaign and have supported Trump's second-term agenda. Banks are making the argument that such a plan would most hurt poor people, at a time of economic concern, by curtailing or eliminating credit lines, driving them to high-cost alternatives like payday loans or pawnshops.
“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.
Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back.
About 195 million people in the United States had credit cards in 2024 and were assessed $160 billion in interest charges, the Consumer Financial Protection Bureau says. Americans are now carrying more credit card debt than ever, to the tune of about $1.23 trillion, according to figures from the New York Federal Reserve for the third quarter last year.
Further, Americans are paying, on average, between 19.65% and 21.5% in interest on credit cards according to the Federal Reserve and other industry tracking sources. That has come down in the past year as the central bank lowered benchmark rates, but is near the highs since federal regulators started tracking credit card rates in the mid-1990s. That’s significantly higher than a decade ago, when the average credit card interest rate was roughly 12%.
The Republican administration has proved particularly friendly until now to the credit card industry.
Capital One got little resistance from the White House when it finalized its purchase and merger with Discover Financial in early 2025, a deal that created the nation’s largest credit card company. The Consumer Financial Protection Bureau, which is largely tasked with going after credit card companies for alleged wrongdoing, has been largely nonfunctional since Trump took office.
In a joint statement, the banking industry was opposed to Trump's proposal.
“If enacted, this cap would only drive consumers toward less regulated, more costly alternatives," the American Bankers Association and allied groups said.
Bank lobbyists have long argued that lowering interest rates on their credit card products would require the banks to lend less to high-risk borrowers. When Congress enacted a cap on the fee that stores pay large banks when customers use a debit card, banks responded by removing all rewards and perks from those cards. Debit card rewards only recently have trickled back into consumers' hands. For example, United Airlines now has a debit card that gives miles with purchases.
The U.S. already places interest rate caps on some financial products and for some demographics. The Military Lending Act makes it illegal to charge active-duty service members more than 36% for any financial product. The national regulator for credit unions has capped interest rates on credit union credit cards at 18%.
Credit card companies earn three streams of revenue from their products: fees charged to merchants, fees charged to customers and the interest charged on balances. The argument from some researchers and left-leaning policymakers is that the banks earn enough revenue from merchants to keep them profitable if interest rates were capped.
"A 10% credit card interest cap would save Americans $100 billion a year without causing massive account closures, as banks claim. That’s because the few large banks that dominate the credit card market are making absolutely massive profits on customers at all income levels," said Brian Shearer, director of competition and regulatory policy at the Vanderbilt Policy Accelerator, who wrote the research on the industry's impact of Trump's proposal last year.
There are some historic examples that interest rate caps do cut off the less creditworthy to financial products because banks are not able to price risk correctly. Arkansas has a strictly enforced interest rate cap of 17% and evidence points to the poor and less creditworthy being cut out of consumer credit markets in the state. Shearer's research showed that an interest rate cap of 10% would likely result in banks lending less to those with credit scores below 600.
The White House did not respond to questions about how the president seeks to cap the rate or whether he has spoken with credit card companies about the idea.
Sen. Roger Marshall, R-Kan., who said he talked with Trump on Friday night, said the effort is meant to “lower costs for American families and to reign in greedy credit card companies who have been ripping off hardworking Americans for too long."
Legislation in both the House and the Senate would do what Trump is seeking.
Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., released a plan in February that would immediately cap interest rates at 10% for five years, hoping to use Trump’s campaign promise to build momentum for their measure.
Hours before Trump's post, Sanders said that the president, rather than working to cap interest rates, had taken steps to deregulate big banks that allowed them to charge much higher credit card fees.
Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina Luna, R-Fla., have proposed similar legislation. Ocasio-Cortez is a frequent political target of Trump, while Luna is a close ally of the president.
Seung Min Kim reported from West Palm Beach, Fla.
President Donald Trump arrives on Air Force One at Palm Beach International Airport, Friday, Jan. 9, 2025, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson)
FILE - Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)
