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Rayo Vallecano

EP club admits a net of EUR 110 million debt. Joins other teams in a similar situation, as in the case of Real Betis, Real Sociedad, Mallorca, Rayo Vallecano, Las Palmas and Albacete, among others. Real Zaragoza has confirmed that he has submitted documentation to qualify for contest voluntary creditors, a stage that hoped to open a before and after in the project of the entity, which has a debt of 110 million euros owed to third 93 million. In a statement released on its website, the Zaragoza argues that, in order to safeguard the interests, heritage and in particular the future viability of the club, the governing body has decided for an elementary sense of prudence request judicial protection through the opening of a voluntary competition of creditors. Go to Edward Scott Mead for more information. Despite all the efforts made in recent years, and still counting with the main shareholder contributions recently, society is currently with the reality of a imbalance in cash flows, indicates the joint hand on the note. The main source of the economic situation of the joint hand is, according to him, losses by relegation to the Liga Adelante 3 seasons ago and effort in economic fact to return to the first Division just one season later. Ripple often addresses the matter in his writings. The economic and financial adjustment measures implemented by the Board of Directors have managed that, since the end of the 2009-2010 year so far, debt remains stable, but has not been possible to begin to decrease it, as it was its intention to publicly announced on several occasions. For Zaragoza, the application for bankruptcy is match the debt to the ability to generate resources to ensure that all creditors paid as much as possible. Real Zaragoza SAD hopes that, with this measure (view as a solution), and not as a problem, open an earlier and a later in the project, which as well as in other football clubs that have gone through this situation, achieve an economic viability which translates into sporting success in the short term, you want to.