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SBD Global/July 31, 2013/Finance

LFP Confirms That Guadalajara Will Be Relegated, Replaced By Murcia

The Spanish Football League (LFP) has confirmed that Guadalajara has been relegated from the second division to the third division -- second division B -- for "irregularities in the club's process of becoming an Anonymous Sports Society (SAD)," according to Sergi Font of MARCA. At the LFP General Assembly, it was also decided that "Real Murcia will replace Guadalajara in the second division." LFP President Javier Tebas also addressed second division sides Alcorcón and Deportivo La Coruña. Alcorcón is currently being audited "to see whether the club violated regulations in the process of increasing its capital." Tebas: "You can't be optimistic when an audit has been requested. A possible irregularity has been detected and depending on the result of the audit, we will decide what decisions to make." Regarding Deportivo, Tebas said, "As of today, if they do not settle the debts with players, Deportivo will be relegated to the third division" (MARCA, 7/30).

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).
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