Deportivo Finds Financial Relief As Judge Releases $11.8M In TV Rights Cash
After months of waiting and legal wrangling, La Liga side Deportivo La Coruña finally has access to the funds it says it needs "to maintain operations," according to Monica Villar of INSIDE WORLD FOOTBALL. La Coruña Judge Rafael García Pérez decided Friday "to lift the embargo" on the €9M ($11.8M) TV rights money that Media Pro owed Deportivo. The release of the funds "came with conditions." The judge stipulated that Deportivo "must only use what is necessary from the funds to keep the club trading." In no case can the club "spend more than the amount it will receive next July" (TV rights money for the '13-14 season). The final condition is that the club "must secure a guarantee from the Real Federación Española de Fútbol -- Spanish Football Federation -- that it won't expel Deportivo from the league if it fails to meet payments to all its creditors" (INSIDE WORLD FOOTBALL, 4/29).