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La Liga Side Espanyol Has Paid Off €100M In Debt Since '16

La Liga side Espanyol President Chen Yansheng "has had a clear objective during his first couple years leading the club: improving its funds and eliminating the debt that has plagued the organization," according to Navarro & Piferrer of MARCA. Since his arrival in '16, the club has paid off more than €100M "on the various debts it had accumulated." At the end of '17, Espanyol made its "final payment" to Spain's tax authorities, clearing a debt that reached €41.3M ($50.8M). On Wednesday, Espanyol paid €1.4M ($1.7M) to the Cornellà City Council, a debt that dated back to '14 (MARCA, 3/22).

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