Two-Thirds Of World Cup Matches Sold MLB, NPB Likely To Resume Series Ralph Krueger Named Southampton Chair Sharks CEO Pleads To Release Findings UAE To Host First Stage Of IPL 2014 High Ratings For Sky's CL Broadcasts Cellino 'Humiliated" During Leeds Takeover Russia Asks FIFA To Ban U.S. From Cup Frankfurt Offers Racecourse To DFB Executive Transactions
SBD Global/January 23, 2013/International FootballPrint All
La Liga club Deportivo La Coruña has secured some relief from its financial troubles after a Spanish court "suspended the embargo" of €10.6M ($13.3M) owed by broadcaster Mediapro, according to EFE. The judge ruled the money was "a necessary good" so the club "could continue its activity" (EFE, 1/21). SOCCEREX noted the funds had been embargoed as part of the Spanish tax authorities' "clampdown on the club." In November, Spanish tax agency AEAT confiscated income from a number of La Liga and La Liga B clubs, with Deportivo "reportedly having all of its revenue seized." The club was said to owe around €34M ($45.3M) to the tax authorities, with its total debt sitting at above €100M ($133M). Deportivo secured promotion back to La Liga last season after being relegated in '10-11, but has "struggled on its return" to La Liga and currently sits bottom of the table (SOCCEREX, 1/22).