By Andrew Warshaw
November 8 – Spanish authorities have acquired almost €133 million (£107 million/$170 million) in back-taxes owed by debt-ridden clubs in this year alone, authorities have revealed.
In the latest indication of the dire financial state of the game in Spain, guarantees on the repayment of a further €457.1 million (£365.3 million/$583.6 million) have also been made.
“So far in 2012 from among the football clubs that have the highest level of debt, collection of taxes has yielded to the Treasury revenues of €132.9 million (£106.2 million/$169.7 million),” a Government statement said.
The amount recovered since April reduced the taxes owed by first and second division clubs to €700 million (£560 million/$894 million) overall, the Treasury said.
In January the debt level, which constantly varies, had been €752 million (£600 million/$960 million).
The financial crisis that has plunged Spain into recession led to an agreement with league clubs for tax debts to be gradually repaid.
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