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SBD Global/June 26, 2013/Finance

Spanish Second Division Side Mirandés Allows For More Time To Buy Shares

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).
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