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SBD Global/June 10, 2013/Finance

Total Debt Owed To Social Security By Spanish Football Has Reached $21.5M

Spanish Social Security's General Collection File's data shows that debts for football clubs from the country's top three divisions have increased from €10.6M in '12 to €16.6M ($21.5M) as of May, according to Carlos F. Marcote of EL PERIODICO. Debts have risen 60% in 15 months reviewed in the government's response to a question written by Socialist spokesperson Manuel Pezzi. No "estimate for football entities' current debt with Spain's IRS has been made," but three months ago the debt was estimated by Administration sources to be €690M ($894.5M), 8.2% less than it was in '12, when it rose to €752M (EL PERIODICO, 6/7).
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