Debt Forces Valencia To Consider Sale Atlético Cashing In On Champions League Spanish Tennis Player Investigated Univ. Of Barcelona Denies Stadium Talk London Tops ATR's Sports City Index Bayonne, Biarritz Merger Talks Called Off Rangers' Stockbridge To Return Bonus London Irish Confirms Takeover Talks Bayern Munich Details Its Global Plans Barça Eyes January Stadium Decision
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/July 22, 2013/Franchises
Spanish Second Division Side Deportivo To Host Real Madrid In Preseason Tournament
Published July 22, 2013
LENDOIRO CONFIDENT: The EFE reported Lendoiro recognized that he is "trying to convince creditors to release the money that was deposited in the club's account after various embargoes have been imposed," so that the club will be able to pay off its debt to its players by July 31 to avoid administrative relegation. Lendoiro: "There is enough money to pay the players everything they are owed and Deportivo is trying in every way so that creditors will realize that the risk of relegation does not have to be run." Lendoiro "said that eliminating the risk can happen because the Bankruptcy Act recognizes that 'in the bankruptcies of sporting organizations there are exceptions that account for sporting legislation." Lendoiro said, "To avoid risks we have to pay the quantity" (EFE, 7/21).