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Budgets: Deportivo La Coruna file for bankruptcy protection

Spanish club Deportivo La Coruna have filed for bankruptcy protection on the 11/01/2013. According to El Pais, their deficit stands at €100m, of which at least 70% is owed to the Spanish Treasury (taxes). This level of deficit is double their annual budget, which in 2010/11 was €55m.Currently…
Domain(s): Clubs
• Category(ies): Finance
• Article # 6839
• Published on 11/01/13 at 09:00