Club news
TV INCOMES: THE QUEST FOR DEPOR’S MONEY
18 Feb 2013
Deportivo finally got the €10.6 million from the TV incomes of the present season, but the club is also hoping to rescue the €14 million that were sequestered in 2012. Another €1.4 million were already cashed, plus the ticket incomes of the game Vs. Real Madrid.
ADMINISTRATION: QUESTIONING LENDOIRO
18 Feb 2013
The initial report of the administrators point out that Deportivo’s debt is 63% higher of what was previously reported by Lendoiro. For this reason they are requesting to separate the president for the financial decisions made at the club.
FINANCIAL RELIEF FOR DEPORTIVO
24 Jan 2013
Judge Zulema Gento lifted the embargo that was crushing the club, but just partially. The Spanish Treasury protested the measure. Depor collect €10.6 million that will help the club to pay the overdue debt, starting with the players’ wages.
OFFICIALLY IN ADMINISTRATION
15 Jan 2013
Deportivo is officially in administration after the judge that’s managing the case accepted the petition made by the club on last week. She also named the administrator that will be in charge of the club: Francisco Prada.
DEPOR ON ADMINISTRATION
11 Jan 2013
The club presented the paperwork to the judge asking for the protection of the bankruptcy law after failing to reach an agreement with the Spanish Treasury. RCDLC.com explains the process of the so called “Ley Concursal”
LENDOIRO TALKS OF THE ADMINISTRATION
11 Jan 2013
A very long press conference of Lendoiro to explain why the club must go now into administration; it almost lasted an hour. Depor’s boss also announced the renewal of Ze Castro, Bruno Gama, Pablo Insua and Paulo Teles.
DELAYING THE DECISION
29 Dec 2012
The club will be in administration on next week. On January 8 it is expected that Deportivo will receive big part of the income of the TV contract, so for that day the embargo over the incomes should be already lifted. Lendoiro is preparing the paperwork.
ANALYSIS: THE FINANCIAL REPORTS 2012 (II)
23 Dec 2012
The club presented the budget of the season 2012/13 during the shareholders meeting that took place on Friday. The amount of the budget is €39.88 million, which means a decrease of 7% compared to the one of the previous season.
BATTLING IN TWO FRONTS
23 Dec 2012
Lendoiro has eight days to decide if the club has to go into administration, at the same time he needs to take decision regarding the continuity of Oltra and the reinforcements that will try to save the club from relegation.
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