The guardian: insolvency, valencia is the government take over

[Gugyvy]

The guardian: insolvency, valencia is the government take over
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Valencia administration | mansion is Spanish domestic capital is the most shortage region, has several place the most notorious image project, now, they will valencia football club will also be included in their supervision within. Due to squeeze the implementation of policy, the local health and education services come under attack. Now the local government | house quickly take over football club and salary does not poor squad of players aroused the anger of local people. But in the club has not been able to pay the * river crab * guarantee 81 million euros (68 million pounds) loan interest, the government | government intervention has been inevitable. Now the debt has been accumulated to 86 million euros.
According to "the guardian" report, valencia administration | government has taken over deficits in the valencia football club, and this one in the seventh in the Spanish team failed to repay the government | government guarantee 68 million loan.
The local government | government long-term by the Spanish main parties - people's party (PPP), management, they are 2009 and 2010 for valencia, hercules and elche three team a total of 110 million euro loans are secured. When Spain's public finance already is in deep crisis. The local government | FuFa done bond has been rating agencies evaluation for garbage level. Is not clear how the authorities are preparing to pay back the loan, they have said will as soon as possible to sell the club, but Robert sol of many a star and other potential will be sold is not clear.
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