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SBD Global/May 1, 2013/Finance

Spanish Second Division Xerex In Danger Of Dropping To Third Division

The institutional future of Spanish second-division side Xerex will not be declared as soon as expected, according to Higinio Domínguez of AS. There was no meeting of the administration council on Monday and club president Rafael Mateos did not announce his resignation. There is currently is no scheduled council meeting. However, the club has said that although nothing is scheduled, "anything could happen." Xerex is working on an agreement with Hacienda, one that would help the club make payments to its players. If the team does not come up with a solution by July 30, it will move to the Spanish fourth division instead of the third division called second division B (AS, 4/29).
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