Labour Party Floats Tax On EPL TV Revenue Bundesliga Tops In Per-Game Attendance Mercedes Interested In Sebastian Vettel DOSB Criticizes Bremen's Proposed Law Real Madrid Quickly Sells 900 James Shirts Real Zaragoza On Verge Of Resolution EPL Close To Sanctioning '22 Winter Break Lawmakers Raise Doubts About Russia '18 NBA Game In Philippines Canceled Commonwealth Games Relevant For Brands
SBD Global/June 26, 2013/FinancePrint All
After being relegated to the Spanish third division -- second division B -- for "serious financial irregularities," Guadalajara is resisting the decision, according to Amaya Iríbar of EL PAIS. The club announced on Monday a new campaign to pay €3M ($3.9M) being demanded by the Spanish Superior Sports Council (CSD) to meet league requirements. The announcement does not address the sanctions the club faces, which include a €90,000 ($117,000) fine that is pending an appeal in front of the Spanish Football League's (LFP) Social Discipline Committee. The club has "denied from the beginning that its increase in capital last year was dishonest" (EL PAIS, 6/24).
Spanish second division side Mirandés has decided to extend until June 29 its term for purchasing shares to help the club remain in the second division, according to the EFE. Mirandés Dir General Elías Espiñeira said, "We considered where we are in the process until the last minute yesterday, and we decided to wait four or five days to see if we are capable." So far, the club has been able to cover €901,200 ($1.2M), which is more than 40% of the €2.24M ($2.9M) it owes the government. Espiñeira: "We have wanted to extend the term a little longer" (EFE, 6/25).