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SBD Global/July 31, 2013/Finance
LFP Confirms That Guadalajara Will Be Relegated, Replaced By Murcia
Published July 31, 2013
HOPE FOR DEPORTIVO: The EFE reported Deportivo creditors have reached an agreement for a proposed settlement they have been working on this week. On Wednesday, the creditors will meet with Deportivo President Augusto César Lendoiro to present the proposal. The creditors "indicated that the proposed settlement will resolve part of the debt with players." The creditors said that "they will keep working Wednesday to offer guarantees for the remaining quantities," referencing the debt that accumulated from July '12 through last January, when the club filed for bankruptcy (EFE, 7/30).