Masress : Spanish clubs owe €752 million in taxes

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Spanish clubs owe €752 million in taxes
At least six top division clubs are already in bankruptcy protection

AP Published in Ahram Online on 13 - 03 - 2012

Spanish football clubs owe the government €752 million ($982 million) in unpaid back taxes, according to figures released Tuesday.
The United Left party says figures provided by the government show an increase of nearly €150 million ($195 million) in unpaid taxes over the past four years, with topflight clubs making up nearly half a billion euros ($653 million) of the overall figure. At least six top division clubs are already in bankruptcy protection.
The numbers were released after the United Left, a communist party led coalition, submitted a written request to parliament for the information.
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