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Malaga claim financial bias because of small size
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The Primera Liga club commissioned a report that found it was the only club in the league that did not receive regular public funds; a fact that it says contributes to its financial troubles. A specially commissioned report by Price Waterhouse Cooper found that the only money the club has received was a sum from the local government toward stadium construction costs. “The aim of the document is to inform about the inequality that exists between the clubs,†director general Antonio Mendoza said. “It doesn’t bother us if we are accused of making mistakes with signings but it’s a different matter if we’re accused of taking the club’s money.†The report analyzes the club’s EUR 20 million debt, comparing its finances with other teams in the league. The report is titled, “The League of Stars: An unequal competition.†“Malaga doesn’t receive any institutional grants apart from the one for the construction of the stadium even though Malaga still contributed US 5.5 million,†the report said. Mendoza added: “I’m fighting for teams not to be subsidized by public institutions. I’m not asking for help but saying that the state aids one club and not another. That hampers our sporting success.†The club’s total debts were EUR 6 million before it was promoted to the top division before the season. |
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