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Spanish clubs' 250M€ debt to tax authorities to be investigated

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Spanish clubs' 250M€ debt to tax authorities to be investigated

Spanish clubs' 250M€ debt to tax authorities to be investigated

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According to Cadena SER, all four political parties will request Spain's National Audit Office to investigate debts to tax authorities held by clubs in the top two divisions.

Crackdown on tax avoidance

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.

Six clubs heavily indebted

According to information held by LaLiga and the Superior Sports Council (CSD), by the end of the fourth three-monthly fiscal quarter of 2016 Spanish clubs' combined debts to Income Tax authorities had escalated to 230 million euros while outstanding debts to Social Secutiry were up to 18 million euros. According to La SER, out of the 42 clubs in both divisions, six of them - Atlético de Madrid, Espanyol, Valladolid, Zaragoza, Elche and Mallorca have between them built up 70% of the total owed.

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

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