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Spanish Clubs Own More Than €250m To Tax Authorities

Spain’s Congress of Deputies will ask the National Audit Office to open an investigation in the debts which Spanish Clubs hold with the Tax Authorities and Social Security for the first time.

According to Cadena SER radio, the four major political parties, PP, PSOE, Unidos Podemos and Ciudadanos, as well as ERC and PNV, are backing a petition for the Audit Office to inspect the debts which clubs from both of the top two divisions.

According to information from La Liga and the Superior Sports Council (CSD), by the end of the fourth quarter of 2016, Spanish clubs’ combined debts to Income Tax authorities had risen to €230 million while outstanding debts to Social Security were up to €18 million.

According to La SER, out of the 42 clubs in both divisions, six of them; Atlético de Madrid, Espanyol, Valladolid, Zaragoza, Elche and Mallorca are responsible for 70% of the total owed.

Spain’s parliament are keen to bring transparency and greater control over all economic activities in Spanish football, a sector which moves billions of euros every year.

The post Spanish Clubs Own More Than €250m To Tax Authorities appeared first on La Liga Tickets Online.

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Spanish Clubs Own More Than €250m To Tax Authorities


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