Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Spain

Real Madrid © Reuters Images

Real buy stake in crisis-hit Oviedo



Real Madrid have invested €100 000 in a capital increase launched by Real Oviedo as the struggling former top-flight club tries to raise cash to stay afloat.

Real director general Jose Angel Sanchez had informed Oviedo president Toni Fidalgo that the world's richest club by income, with annual earnings of more than €500 million, had decided to help out their Asturian rivals, Oviedo said in a statement on their website (www.realoviedo.es).

Oviedo were relegated from the first division in 2001 after a club-record 13 seasons in the top flight and dropped down to the Segunda B, or third tier, two years later.

Financial problems, including delays in wage payments to players, resulted in a further level for two seasons before they returned to Segunda B.



Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Latest Video Highlights

Sports Talk



Calvin Emeka Onwuka
Conte flourishes, Del Bosque, Hodgson flounder
In the closing minutes of the round of 16 tie between champions Spain and Italy, the Italians were...

Segun Odegbami
Euro 2016 – a lesson for African football
I am watching the ongoing European Championship 2016 with a lot of interest.

Dr Errol Sweeney
Everyone wants to be a ref
I must say I’m getting a little sick and tired of armchair refs who voice their opinions on...