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SBD Global/July 22, 2013/Franchises

Spanish Second Division Side Deportivo To Host Real Madrid In Preseason Tournament

Spanish second division side Deportivo La Coruña President Augusto César Lendoiro announced on Sunday that Real Madrid will be invited to the 68th edition of the Teresa Herrera Trophy preseason football tournament at Deportivo's Riazor Stadium on Aug. 29, according to AS. Lendoiro said that Real Madrid will pay its own expenses, making it a "very special gift" from Real Madrid to Deportivo. Lendoiro: "Real Madrid's visit will mean €1M ($1.3M) and they will come between official games. It is the best gift they could give" (AS, 7/21).

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).
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