Russian Currency Crisis Drives Up Costs Russia's KHL On Verge Of Financial Ruin Argentina To Help Fund Dakar Rally Independiente's Debt Reaches $67M Serie A To Implement GLT In '15-16 Australia To Overturn Tax On Yearlings Dresden Increases Stadium Rent Subsidy Spanish Footballers Demand Owed Salary FIFA Prosecutor Michael Garcia Resigns Real's Rodriguez Signing Paying Dividends
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/April 9, 2014/Finance
La Liga-Leading Atlético Madrid's Economic Foundations Remain Shaky
Published April 9, 2014
BRIGHT SPOT: Oviedo University Economics Professor Placido Rodriguez, a former chairman of Spanish second division side Sporting Gijon, "noted several examples of Spanish clubs with relatively limited resources that have challenged at the highest level before fading away again," including Valencia, Villarreal, Deportivo La Coruña and Sevilla, who all had "successful runs in Europe and either won or came close to winning La Liga in the past 15 years," but like Atlético, "have had to sell their top performers." Rodriguez said that "one potential bright spot" for the club, which would "boost revenue and help secure their future, was the planned move from their crumbling Calderon stadium to a new 70,000-capacity arena at La Peineta." The club also has "plans for a vast new training complex which would include offices, a 15,000-seater stadium for the second and third teams and facilities and shops for fans." Rodriguez: "If these two projects come off and they don't make any crazy financial decisions in the meantime, for example when results aren't going their way, Atlético's economic situation will be much improved" (REUTERS, 4/8).