Club news

ADMINISTRATION: NEW REPORT FROM THE CLUB

ADMINISTRATION: NEW REPORT FROM THE CLUB

09 Apr 2013
The club presented a financial report to the judge arguing that the indebtedness of Deportivo is €112 million and not the €156.5 million argued by the administrators in their own report. The major part of the difference is related to the debt with the Treasury.

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THE BATTLE FOR THE MONEY CONTINUES

THE BATTLE FOR THE MONEY CONTINUES

28 Mar 2013
Deportivo and the creditors have three weeks to negotiate what to do with the €10.62 million that were returned to the club in February. The banks were pushing in order to get big part of that money, but the club also need it.

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MESSAGE FROM DEPORTIVO’S WORKERS

MESSAGE FROM DEPORTIVO’S WORKERS

25 Mar 2013
The disjunction between the administrators and president Lendoiro is evident, and now there’s a new actor: the workers of the club. They released a statement asking to respect their jobs and supporting the president.

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DEPORTIVO: SHORT OF CASH

DEPORTIVO: SHORT OF CASH

21 Mar 2013
The club needs money in order to avoid problems at the end of the season; the short-term debt is bigger compared to the expected incomes. The administration is trying to lift more embargos in order to find a solution to the liquidity problems.

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ADMINISTRATION: THE LFP SUPPORTS DEPORTIVO

ADMINISTRATION: THE LFP SUPPORTS DEPORTIVO

21 Mar 2013
La liga authorities were in A Coruña a couple of weeks ago and they are supporting Deportivo trying to obtain the needed money in order to save the club. They visited the judge managing the administration case and tried to convince him to lift the embargoes.

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ADMINISTRATION: THE CLUB IS FEASIBLE

ADMINISTRATION: THE CLUB IS FEASIBLE

20 Mar 2013
The final report of Deportivo’s administrators is saying that the indebtedness of the club is €156 million. It also blames Lendoiro for the financial crisis that’s affecting the club, beyond this they believe that the club is feasible.

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THE RESPONSE OF LENDOIRO

THE RESPONSE OF LENDOIRO

20 Mar 2013
Depor’s president defended his work and the one of his board of directors; this after the latest report from the administrators was blaming them for the financial crisis hitting the club. He also defended the famous 1% that he gets of the budget.

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ADMINISTRATION: ACCOUNTING DIFFERENCES

ADMINISTRATION: ACCOUNTING DIFFERENCES

06 Mar 2013
The latest report from the administration presents big differences with the information presented in the financial reports. The indebtedness is almost the double, and the assets the half of the official amount. The club protested the information.

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ADMINISTRATION: LENDOIRO WINS A BATTLE

ADMINISTRATION: LENDOIRO WINS A BATTLE

05 Mar 2013
President Lendoiro will continue involved in the financial decisions of the club; judge García Pérez rejected the petition of the club’s administrators, which pops up a conflict between CRYEX and the board of directors.

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