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SBD Global/June 26, 2013/Franchises

La Liga Club Granada CF To Settle Remaining Debt Of $5.2M With Spanish Treasury

La Liga Granada CF Club Secretary Pedro González Segura said that in the coming days, the club "will be clearing all remaining debts with the Spanish Treasury," according to Heath Chesters of INSIDE SPANISH FOOTBALL. The debts of around €4M ($5.2M) "were inherited by the current board of directors, when they assumed control of the club" in the summer of '09. The board of directors at Granada "reached an agreement with the Spanish Treasury to pay the sum over a period of years." This "will make the club one of the very few in Spain to have absolutely zero debts, either privately or publicly" (INSIDE SPANISH FOOTBALL, 6/25).
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La Liga, Football, Spain

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