Graphic Design in the Big Apple

Real Saragossa

EP the club admits a net debt of 110 million Euros. It is united other equipment in equal situation among others, as it is the case of the Real Betis, Real Society, Majorca, Vallecano Ray, Las Palmas or Albacete. The Real Saragossa has confirmed that has presented/displayed the documentation to take refuge in voluntary contest of creditors, a stage that trusts that " it abra and despus&quot before; in the project of the organization, that has a net debt of 110 million Euros and that owe to third parties 93 million. In an official notice made public in its Web, the Saragossa argues that, " with the intention of safeguard the interests, the patrimony and especially the viability futura" of the club, the Council of Administration has decided " by an elementary sense of prudencia" to ask for the judicial protection by means of the opening of a voluntary contest of creditors. " In spite of all the efforts realised during these last years, and still counting on the contributions of the main shareholder realised recently, the society is at the moment with the reality of a imbalance in the flows of caja" , it indicates the joint hand in the note. The main origin of the economic situation of the joint hand has been, according to him, to the losses by the reduction to Liga Ahead for 3 seasons and " in the effort econmico" fact to later return to First Division only one season. The measures of economic and financial adjustment beginnings by the Council of Administration have obtained that, from the closing of exercise 2009-2010 until now, the debt remains stable, " but it has not been possible to begin to diminish the same, like was his announced intention publicly in repeated ocasiones". For the Saragossa, the request of contest of creditors tries to adapt the debt to the capacity to generate resources to obtain that all the creditors acquire the possible maximum.

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