Administrators overseeing Deportivo’s bankruptcy proceedings have played their total debt at €156m, a figure hotly disputed by the club.
Appointed to the club since mid-January, administrators have been carrying out an audit on the accounts presented and have confirmed that the original €93m debt presented to the courts by President Augusto Cesar Lendoiro was short.
Following on from their recent request to have him removed from his position for misleading them – which was rejected – the administrators have this week placed the total amount owed by the club at €156m, with €40m owed to the Hacienda (tax authorities) alone.
Lendoiro’s claims as a creditor for money owed by Deportivo as part of his one per cent of the budget wage have been discredited and not included by administrators.
The club have issued a statement in ‘total disagreement with the tax authorities’ at these figures, claiming that monies received and embargoes lifted have not been included in calculations.
Meanwhile, Lendoiro will reportedly face the Spanish Sports Council today to explain the club’s current situation and their plans for turning it around.
