Deportivo files for bankruptcy protection
Published
Jan. 10, 2013 10:13 a.m. ET

foxsports
Deportivo La Coruna says it has filed for bankruptcy protection, becoming the latest topflight football club in recession-hit Spain to seek help to avoid going out of business.
The club said on its website Thursday that it has submitted documents to the courts to request that it be allowed to re-negotiate its outstanding debts.
Deportivo will become the eighth club in Spain's first division to either be under bankruptcy protection or still be paying off its restructured debts after emerging from protection.
In November, Deportivo said the Spanish tax office had embargoed its television revenues to help pay off its back taxes.
As of last spring, the clubs owed the Spanish government ?752 million ($982 million) in taxes.
share
Affiliated Apps
FOX SPORTS™, SPEED™, SPEED.COM™ & © 2025 Fox Media LLC and
Fox Sports Interactive Media, LLC. All rights reserved. Use of this
website (including any and all parts and components) constitutes your
acceptance of these
Updated Terms of Use and
Privacy Policy |
Advertising Choices |
Your Privacy Choices |
Closed Captioning