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SBD Global/January 9, 2014/Finance

Spanish Second Division Side Suffered '12-13 Losses Of €393K Despite Reporting Profit

Spanish second division side Deportivo La Coruña's bankruptcy administrators presented club accounts indicating a loss of €393,218 during the '12-13 financial year, according to the EFE. This contradicted Deportivo's reported annual profit of €38,700. The difference between the financial results presented by the club and its administrators was €431,917 ($586,802). Deportivo filed for bankruptcy on Jan. 11 of last year (EFE, 1/8).
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