La Liga, the top-flight Spanish soccer league, has spent the better part of the last five years building one of the most aggressive anti-piracy operations in European sport. More than 2,000 convictions have been secured against hospitality venues since enforcement began in 2019, an increase of 400 new convictions in 6 months, the organization claims. These convictions against pubs, bars, hotels, and restaurants sounds like a major win on paper for piracy, but at what cost exactly? Is La Liga burning cash faster than it can recover? Public disclosures suggest that average penalties per venue sit at roughly €1,000 ($1,150), combining fines and civil damages. Multiply that across 2,000 convictions and the result is a recovery figure in the low…