British-Qatari leisure group Skyline are the new majority shareholders of Elche! Bidding against a local investor COINSA, Skyline were adjudicated a �14 Mio convertible loan which the Valencia Institute of Finances had given the club to bail them out last season. The loan will convert in October to a 54.73% holding, and the group are promising to put in another �25 million to try and get the team back in to the first division. (05.08.16) |
Financial fair-play rules seem to be working in Spain. At the end of the 2010/11 season, claims by players against clubs amounted to almost �90 million, with some 341 claims. This year the LFP reported only six claims totalling �190,000, and even some of those are questionable. Hard work, but it seems it was worth it! (17.07.16) |
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