Florentino Pérez looks like he is on his way
back to the presidency of Real Madrid! At a time when small companies would
give their eye teeth for some help from local banks, the ex president has
already tied up the required aval of 57.3 million euros from the
Barcelona based savings bank La Caixa. The deal was apparently agreed at the
wedding of the son of La Caixa president, Isidre Fainé. (12.05.09) |
Recreativo have to try and sort out a problem which
is not of their own making. Midfielder Akalé is refusing to play as he
has not been paid... by his old club Lens! The player is on loan from the
French side, who agreed to pay 50% of his salary as part of the deal.
(09.05.09) |
Alicante is the latest second division club to seek
protection from creditors under the "Ley Concursal". Almost half of the clubs
in the second division have had to take the step in the light of the current
economic crisis. (08.05.09) |
Barcelona's recent successes are apparently costing
them money. A victory in the "Copa de Rey" could cost them more in bonus
payments than in takings, and the intense programme of games in three
competitions means they are not able to play more lucrative friendly matches.
Meanwhile takings are generally down, and the club are involved in the middle
of a 30 million battle for TV rights between the local television company
TV3 and Sogecable. (21.02.09) |
Murcia are the sixth club in the second
division to file for protection from creditors under the Spanish "ley
concursal", following in the footsteps of Las Palmas, Alavés, Levante,
Real Sociedad and Celta. The East coast club have registered debts of around
50 million, and caretaker president Juan Guillamón resigned a
couple of weeks ago, just seven weeks after stepping in after maximum
shareholder Jesús Samper called it a day. Other clubs such as Albacete
could follow soon. (19.02.09) |
Espanyol have asked their banks to
extend a 50 million syndicated loan to 25 years to help them through the
current crisis. Delays and additional costs in the construction of their new
stadium, redundancy payments to the two managers plus assistants who were
fired, and transfer fees for a new striker have left their treasury dry.
(25.02.09) |
Valencia's woes continue, and they may
have to file for protection from creditors after local banks turned down a
request for an additional loan of 100 million. The club owes some
15 million in players wages and salaries, and the new stadium (originally
scheduled to open this summer) is already suffering a delay of nine months,
partly as term payments have not been met. At the same time the club are
reportedly having problems selling plots of land where the old stadium is
situated. (13.02.09) |
Girona have begun the process of
converting to a sporting limited company (SAD), as required by league rules for
newly promoted clubs within a year of making it up to the second division A.
The annual general meeting approved a capital issue of 4 million, with
shares of 500 each at first being offered to season ticket holders before
being thrown open to the public. (12.02.09) |
Real Madrid are still the richest club
in the world, at least according to the latest Deloittes rankings. Helped by a
strong Euro, the club have been valued at £289.6 million, some
£32.5 million higher than Manchester United. Barcelona are third at
£244.4 million, the only other Spanish club in the top ten.
(11.02.09) |
Spanish first and second division clubs
owe 627 million to the tax authorities, and another 4.9 million in
social security payments, according to information released by government
authorities today. (04.02.09) |
CD Logroñes, a side which only a
few seasons ago were in the first division, have been thrown out of the
regional third division after the few remaining players refused to turn up to a
match for the second week in a row. The squad had not been paid for several
weeks, and the final straw came when promissory notes issued to them by the
club's owner were returned by the bank. (22.01.09) |
After the failed takeover by British
businessman Paul Davidson, Mallorca's majority shareholder Vicente Grande has
decided to hand back the presidency of the club to Mateo Alemany. Mallorca's
biggest ever successes, including their only cup win, came when Alemany was
president from 2000 to 2005. (15.01.09) |
Numancia are holding their own in the
top flight despite having the second lowest budget in the first two divisions.
Only Eibar will spend less than the Soria based side's 4 million, and
with an average ground attendance of one out of five of the town's entire
population, they are forecasting a profit of 1.75 million this year.
(04.01.09) |