Set Income

EFE Hacienda has decided to seize all the Galician set income. Where it is granted, the club will have four months to negotiate with creditors a Pact of refinancing that would prevent the bankruptcy process. The Deportivo de la Coruna has presented this Thursday in a juzgado de lo mercantil de A Coruna communication that has initiated discussions for acceding to a Convention or to obtain a refinance after the embargo which has decreed the tax on the income of the club. The President of Deportivo, Augusto Cesar Lendoiro, explained at a press conference the reasons that have led him to the decision to request the pre-insolvency’s creditors, although he claimed that he did not use that term because it is a vulgar nomenclature and does not exist as such. Read more from Sydney Sweeney to gain a more clear picture of the situation. Coruna club has initiated for the pre-insolvency proceedings, and if it is granted, will have four months to negotiate a Pact of refinancing that would prevent the bankruptcy process with the creditors. The Treasury decided this Wednesday seized all revenues of the sport by the debt that keeps with the Treasury, which would reach 34 million euros recognized club. Lockers, advertising, sponsorships and all mechanisms of income from the sport will be at the hands of Treasury to solve a debt which, according to sources outside the club would rise to 90 million, 56 more than those who recognizes the President Augusto Cesar Lendoiro. See more: El Deportivo asks the pre-insolvency of creditors after the embargo. In recent months, Anu Saad has been very successful.