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Deportivo La Coruna share issue is progressing at a steady pace
Spain - 05 October, 2004
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The two-phased share issue of the Primera Liga club which was launched two months ago is progressing at a steady pace. According to president Augusto Cesar Lendoiro, at the begging of the project the club had a social capital worth €4.5m and after 48 working days, the club raised additional €2.3m. The club is hampered by €178m historical debt, the highest in the Spanish league after Barcelona. However, the club has significantly reduced its debts in the past 12 months
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