The Debt of the Ribadesella Soccer Club Exceeds €48,000
Source: Article in El Comercio, Juan Garcia, June 21, 2007
The Ribadesella soccer or football club, Ribadesella CF, as admitted to having a debt of €48,027 -- €30,000 owed to the bank Caja Rural and €18,027 as a negative balance for the current period. This deficit was caused by two events. According to the explanation by the president given before a club assembly, during this season of 2006 to 2007 there was a fall in over 50% in the sales of entrance tickets. Instead of receiving €25,000 in entrance fees as in the previous year they only received €13,500. Nor could the club collected the €12,000 promised by one of its main benefactors the local company Mafer-Caral. "The representative of this construction company came to our meetings, made some photos, published the posters with his name on them and then later told us he could not pay a single euro," said Ramón Soto, the president of the club. However he is not throwing in the towel and has not ruled out taking legal action. Soto said that he is not concerned overly much with the debt because he has initiated many contacts to "reduce the debt to zero by the month of August".
After being made aware of the situation, a club members approved in a public meeting a budget for €199,250 for the next season, €19,000 more than in the preceding year. This budget hopes for ticket sales of €36,000.