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SBD Global/June 26, 2013/Finance

Spanish Side Guadalajara Appealing Relegation To Spain's Third Division

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).
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