The boss of Spain's La Liga has said they could return to playing football as early as the end of May.

And Javier Tebas revealed a failure to complete the season could end up costing their clubs €1bn in lost TV money, gate receipts and sponsorship.

The La Liga president has explained that their games could start again on May 28, in early June or at the end of that month - but insists a lot hinges on the state of other countries in Europe.

"If we don't resume, the economic impact on Spanish clubs, including money from European competitions, would be worth around €1bn," Tebas told media, as reported by ESPN.

"That figure is not just based on league revenue, but also includes money teams won't get from Champions League revenue. The losses will be €300 million if games are played behind closed doors and then €150m if we resume with fans because of the damage that has already been caused."

The Premier League remains committed to finishing the season but football has been suspended indefinitely because of the coronavirus outbreak.

But La Liga are working on potential return dates.

"The current scenarios being discussed are to restart the Spanish league on May 28, June 6 or or even up until June 28," Tebas added.

"But we will have to see what happens in April. And it's not just about Spain, but what happens elsewhere.

"UEFA is contemplating two scenarios for European competitions. The first one involves league and European competitions being played in parallel: leagues at the weekend and European games in midweek.

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"The other scenario is for two blocks. First of all, domestic competitions would be played up until July, then European matches would be played in July or August, depending on when all the leagues can finish."