Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




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

Football | Spain

Barcelona © Action Images

Spanish trim back debts to taxman



Spanish football clubs cut their debt to the taxman by eight percent last year from €752.3 to 690 million, the Madrid treasury said on Tuesday.

"The debts of Spanish clubs to the tax authorities ... stood at €752.3 million at the start of 2012. They now stand at 690 million, which represents a drop of around eight percent," a spokesman said.

Of the total, €535 million concern first division clubs.

The treasury also revealed that €400 million of the total comprises debts which 27 clubs across the country have simply stopped paying as they battle a crippling financial environment.

The Spanish government last April came up with a plan - to which la Liga has signed up - to reduce the debt pile, including the proposal to set aside from the 2014-15 season of a third of clubs' television revenues to pay off more cash owed to the state.

The finance ministry says that the plan is now "bearing fruit" while adding that the state will do all it can using everything in its power to bring the debt pile under control.

"The overriding objective of the government is that this debt should not rise still further," a statement said.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R152.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
FIFA 14
Xbox 360
R549.00
Mitre Ultimatch Soccer Ball - White
A high quality football, offering high performance at both training and during football matches.
R252.00


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

Live Video Streaming

Bundesliga SuperSport H\L - Matchday 2 : Schalke v Bayern Munich
Tue, 02 Sep @ 05:00

Sports Talk



Carol Radull
Where are Kenya's strikers?
I was watching the English Premier League match between Everton and Chelsea on Saturday night and...

Calvin Emeka Onwuka
Spurs will challenge for the title
It was in my room in Rustenburg, during the last Afcon, that I noticed the style that Mauricio...

John Dykes
United in condemnation
The British football press showed tremendous solidarity this week when they all leaped on the same...

Neil Tovey
Borrowing from best practice
The late Irish scribe and poet Oscar Wilde once famously opined that “youth is wasted on the...

Sunday Oliseh
Man U need more than an 'Angel'
Just two games into the English Premier League and Manchester United are five points (synonymous to...

Arjun Vidyarthi
Good signs for the Reds despite loss
A brace from Stevan Jovetic and a Sergio Aguero stunner ensured that Manchester City took all three...