Deportivo Alaves ahead of giants in financial standings

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The Primera Liga club might trail their league’s leaders in the standings, but they have some bragging rights when it comes to finances, according to the club’s president.

With the annual shareholders meeting coming up, President Dimitri Piterman claims that his club is the most financially sound in the league.

“We have historic debt of over EUR 4 million but we finished the last financial term with a profit of EUR 2 million,” Piterman said. “The exact figures will not be released until 30 January.”

Piterman explained that the club is up to date with payments. However, he said there are future payments to be made to the Spanish Professional League (LFP), players and the Caja Vital bank, but that the club has no short- or long-term financial problems.

“It’s normal to have debts, every firm has debts but according to the auditors we are the most financially healthy club in the professional leagues, not even Barcelona or Real Madrid can match us,” Piterman said. “What can make you go under is leaving a space for income from transfers that never actually materializes. That can be misleading and bring a club to its knees.”

The club is currently at the bottom of the Primera Liga table.