Hopp To Become Majority Owner Of TSG Parma Owner Confirms Takeover Of Club Hangin' With ... Seth Holmes Match-Fixing Law Doesn't Go Far Enough Allianz Arena Increases Capacity To 75K Munich City Council Approves New Arena Marussia Nose Section Sells For $23,500 Ecclestone Pushes For Engine Changes FIBA Says JBA Facing Serious Issues Executive Transactions
SBD Global/July 22, 2013/FinancePrint All
Biscay, Spain General Councilor José Luis Bilbao has announced "the end of the Biscay government giving subsidies to professional sports clubs in the territory," including La Liga Athletic Bilbao, according to the EFE. Bilbao argued that "there are other priorities" in the current economic situation. This decision cancels the agreement that was signed with the club, under which the government was going to pay a total of €7.5M ($10M) (EFE, 7/21).