NEWS
Wednesday May 22 2013
Depor tighten their belts

Deportivo have responded to criticism over mis-use of finances during bankruptcy proceedings by announcing stricter financial controls.

The Galicians, who have been in administration since mid-January, were cited last week by the tax authorities (Hacienda) for mis-using funds made available, specifically a €14.6m amount previously embargoed by the Hacienda for unpaid taxes.

The judge overseeing the club’s administration proceedings ordered a detailed report on the club’s costs and in receiving that on Monday criticised Depor for ‘multiple invoices for expenses incurred’, calling the findings ‘disturbing’.

The club have responded by releasing a brief statement this week to announce new cuts to minimise such unnecessary costs.

These include cutting WIFI access to media on matchdays, to reduce telephone costs, terminating Deportivo’s digital television channel, no longer buying daily sports publications and cancelling a subscription to Galician publication La Voz de Galicia and also stopping meals for club officials who visit and any expenses incurred in box seats.

“Deportivo wants to stress that they strictly adhere to the guidelines of the judge, but does not share them,” concluded Depor’s statement in listing these new cost-cutting exercises.

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