Finance Notes: Sacked Adelaide Coach Rini Coolen Sues Club For $2.3M
Former A-League club Adelaide United head coach Rini Coolen is suing the club for A$2.2M ($2.3M) "after his sacking" in Dec. '11. Dutch-born Coolen's demands were outlined at the opening of a trial in the South Australian District Court on Monday and include almost A$1.3M "to pay out the three-and-a-half years he had left on his contract" (AAP, 1/14). ... La Liga club Deportivo La Coruna is seeking assistance "to avoid going out of business" after filing for bankruptcy protection. The club is more than €100M ($134M) in debt (SOCCEREX, 1/11). ... Russian basketball team Khimki "could go bankrupt in the near future." Last year's runner-up in the Russian domestic league has been "having financial problems since a change in ownership" in late '12 (RUSSIA TODAY, 1/11).