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Tenerife shareholders express concerns over debts
Spain - 07 January, 2005
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Segunda Liga club Tenerife shareholders expressed concerns due to the club’s mounting debts of over €52m. Since nearly 70% of the total (€36m) must be cleared in the short term, shareholders are already discussing the sale of land property that would allow the club to renegotiate its debts with the banks and the tax authorities.
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