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)
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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) |
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