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SBD Global/December 31, 2013/Finance

Ecuadorean Football Side El Nacional's Debt Reaches $3.2M Due To Costly Player Salaries

Ecuadorean football side El Nacional's "financial crisis is evident" in the club's current debt, which has reached $3.2M, according to EL UNIVERSO. This "figure does not take into account the club's debt with Ecuador's Social Security Institute and the country's IRS." Players "expressed on multiple occasions in '13 their anger regarding a lack of payment." The team's captain, Marwin Pita, "said that he is owed eight months' of salary." For '13, El Nacional "had 25 players signed to contracts" (EL UNIVERSO, 12/30).
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