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SBD Global/July 9, 2013/Finance

Financial Struggles Force Indoor Football Club Caja Segovia Out Of Spanish First Division

Spanish indoor football club Caja Segovia has announced that it "will not compete at the highest level of Spanish indoor football after it did not find the economic resources necessary to form a new project," according to the EP. The club said in a statement, "After 32 years, the most prize-winning team in Segovia and Castilla and León will no longer exist. If no one solves this, the club will not compete in the first division of Spanish indoor football." The problems did not emerge at the end of the season, as they "have instead been a constant headache." Spanish indoor football "will not be the same without the Segovian club" (EP, 7/8). EL NORTE DE CASTILLA reported the club "will continue at another level, on a lower profile, but not in the First Division" (EL NORTE DE CASTILLA, 7/8).
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