Spanish clubs owe millions in back taxes

Spanish clubs owe millions in back taxes

Published Mar. 13, 2012 1:00 a.m. ET

Spanish football clubs owe the government $982 million (US dollars) in unpaid back taxes, according to figures released Tuesday.

The United Left party says figures provided by the government show an increase of nearly $195 million in unpaid taxes over the past four years, with topflight clubs making up nearly half a billion euros ($653 million) of the overall figure. At least six top division clubs are already in bankruptcy protection.

The numbers were released after the United Left, a communist party led coalition, submitted a written request to parliament for the information.

ADVERTISEMENT
share