Football finance - Takeovers - Bankruptcies - Boardroom struggles - Sponsorship deals
 
Deportivo La Coruña president Augusto César Lendoiro confirmed that they will be filing for voluntary legal administration (concurso administrativo) in the next few days, principally to protect themselves from an embargo which the tax authorities have taken out on virtually all the club's income. Depor already registered the provisional "pre-concurso" on 8th November, a measure under Spanish law which allows the entity a maximum four months to reach an agreement with creditors. However as no agreement with "hacienda" has been forthcoming, and with television rights due to be received soon, they have no choice but to enter into administration to enable the club to pay salaries and other ongoing expenses. (03.01.13)
Some imaginative pricing by first and second division clubs in an attempt to fill their stadiums for the rest of the season. Second division leaders Elche are offering a season ticket for as low as €50 to see their last ten home games in their Martínez Valero stadium, and for €62 you can get the same at Racing Santander. There are big discounts at Rayo Vallecano if you bring an old toy along before 5th January, and Getafe and Zaragoza are amongst other clubs offering special rates for their fans. Crowds though have been dropping again this year, partly due to the crisis but also to the disperse kick-off times which have been set to appease the television companies this season. (02.01.13)
Valladolid's players had better not return from their Christmas break overweight, otherwise it will cost them money! Coach Miroslav Djukic has said he will only allow them an excess of one and a half kilograms over their usual weight, and anything over that will be fined at a rate of €1 a gram! (31.12.12)
Regional third division side Palencia are putting up a brave face even though the legal administrator has announced that the club was being put in to liquidation. The Castilla León based side were relegated last season from the second division B for failing to keep up to date with payments to their players, and although they have struggled to keep going, they are currently lying sixth in their table. Players have organised sit-ins and have appealed to the local authorities for help, but it all seems to have fallen on deaf ears, and their 80 year history now looks like coming to an end. (12.12.12)
Ex Alavés shareholder and president Dimitry Piterman has been condemned by a local court to return €6.9 million to the club. After their high spot of reaching the UEFA cup final in 2001, the team's fortunes plummeted, and with Piterman at the helm they sank even further, filing for legal administration in 2007. An agreement with creditors was reached in 2009, and under new management they are gradually recovering, currently topping their second division B group as the new year approaches. The administrators though made a claim against Piterman and his wife for misappropriation of funds, as well as for irregularities in the accounts and a delay in putting the club in to receivership, and the Provincial Court of Alava has now turned down The US-Ukrainian entrepreneur's appeal. (08.12.12)
Real Oviedo have been saved! The club which recently spawned Cazorla, Mata and Michu, with a long and prestigious history in the top flight, was on the verge of bankruptcy after struggling to raise the €2 million they needed to carry on in the second division B. However Mexican telecommunications tycoon Carlos Slim, reportedly the richest man in the world, stepped in to take a majority stake in the club, and their future now seems secure. (20.11.12)