Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Real Zaragoza file for bankruptcy

Thu 9th Jun 2011

The Spanish Football League's first division side, Real Zaragoza, has filed for Bankruptcy due to unpaid debts of around 110 Million Euros.

The Aragon-based club, which was founded in 1932, blamed it's debts on the financial costs involved in being relegated from the first division in the 2007/8 season. The team was promoted back to the first division at the end of the following season, however, the costs involved in doing this were unrecoverable.

The Team finished 20th overall in la liga this season, following a managerial change in November of last year.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs