Atletico Madrid clear remaining public debt

Atletico Madrid have cleared their outstanding debt of €202m with the Spanish treasury one year ahead of schedule, say newspaper Expansión.

Los Rojiblancos held the outstanding debt with the Spanish Tax Agency with the scattered and structured payments being made since 2013.

However, despite the deadline for the debts being cleared originally scheduled for next summer, Atleti have made the final payment ahead of time with the debt now standing at zero.

The newspaper reports that: The news marks a historic moment in the economic management of the club piloted by Enrique Cerez and Miguel Ángel Gil Marín. Years ago it always appeared on the radiography of the king sport as one of the teams with the highest tax debt in Spain but now it is cleared.

The news follows on from Atleti’s opening of their new Wanda Metropolitano stadium two years ago as the club aims to build a more long-term, sustainable economic model moving forwards.

La Liga - Club News