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Spanish Second Division Side Girona Cleared To Exit Bankruptcy After Paying $404,000

Spanish second division side Girona's creditors agreed, with 62.5% of votes in favor, to a deal that "opens the path to viability" for the club, according to Maria Josep Subirana of MUNDO DEPORTIVO. Girona's exit from bankruptcy will be confirmed "after some legal formalities that will last a couple weeks." Girona President Patxi Otamendi and Dir General Javier Pequeño signed an agreement with Spain's tax authorities to pay €380,000 ($404,360) -- 12.5% of the debt -- to guarantee that the club could exit bankruptcy on Thursday (MUNDO DEPORTIVO, 4/9).

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