Javier Tebas is exploring options for the new sponsorship. Dave Thompson/Getty Images

MADRID -- Spanish league president Javier Tebas says the league has lost its exclusive sponsor, Spanish bank BBVA, and will most likely not be able to replace it in time for next season.

Tebas says that although "many proposals are on the table,'' the previous deal with BBVA will not continue and no title sponsor has so far come forward as a replacement.

He added that one possibility that is being explored is for the league to have "several sponsors.''