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SBD Global/March 19, 2013/Finance

Debt In Spanish Professional Football Down 8.2% To $894M

Spanish professional football clubs now owe the country's tax authority AEAT €690.4M ($893.8M), according to the EFE. The debt is down 8.2% from the previous year "as a consequence of the control plan put in place" by the AEAT. The overall debt is down about €62M ($80M) from the €752.3M recorded in '12. The majority of the current debt (€535.8/$693.7M) is owed by La Liga clubs. The rest of the debt (€154.6/$200.2M) belongs to La Liga B and lower tier clubs (EFE, 3/18).
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La Liga, Finance, Europe

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