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Malaga C.F. Financial Situation

Good article regarding the Malaga C.F. financial situation:

News reports out of Malaga are reporting that the Qatari owner Sheikh Abdullah Bin Nassar Al-Thani has put the club up for sale and negotiations are ongoing with Taçi Oil Group International (who own an 80% share of Bologna and are investors in AC Milan) despite denials from all parties. Sources close to the club are saying that the sticking point to finalizing the deal is the outstanding debt owed and any deal hinges on it. These include money owed to Villarreal still for Santo Cazorla, to Osasuna for Nacho Monreal, plus wages and bonuses to players and staff, and even to former owners; the Sanz family. The Al-Thani’s would like to pass on the debts to the Albanians and they of course are refusing.

How did it get this way? This was supposed to have been a miracle in Andalusia. It was more than a fabulously wealthy group of Arabs saving a dying club from the scrap-heap. This was Man City in the south of Spain. The club had just escaped a financial meltdown, were minutes away from relegation if not for last-minute heroics at home, and the call came into the harbor that the family of Qatari Sheikh Abdullah Bin Nassar Al-Thani would obviously be buying the club and building a new stadium, calling it Qatari Stadium, but their plans were far more ambitious. They wanted to invest in the city and in its infrastructure, even helping to rebuild the harbor in Malaga, but that should have sent up red flags. If something seems to good to be true then it probably is, but then again it may not have been the Al-Thanis.

It is incredibly difficult to navigate the political scenery in Spain if you are unfamiliar with its language, culture and social etiquette. It is demanding enough to create a space for foreign investment but then adapting your plan to the regional Andalusian culture is even more problematic. Add the specter of a financial sinkhole that is a Spanish football club like Malaga and it is no wonder that the Al-Thanis want out. They may have never been truly in, in the first place.

That twitter rant that I wrote on about two weeks ago may have been the final straw. Sheikh Abdullah Bin Nassar Al-Thani mentioned corruption, lack of support and fairness by the footballing body in regards to revenue sharing and ignoring the plight of the smaller clubs. We may have dismissed it as reactionary but even infinite pockets have a limit. Spanish football is in crisis and they are not healthy enough, despite what the big two are claiming for themselves, to continue to deny foreign investment in the league. It may be for the best. The Albanians might have more liquidity to invest but who is to say that they can continue throwing money in a deep pit without selling on after that.

This article was taken from www.theballisflat.info . This is an outstanding blog that deals with all aspects of the footballing world.

About Richard Barrett

Richard Barrett
Richard Barrett is co-founder of Pundit Arena. You can follow him on Twitter via @TheBoyBarrett . Richard refuses to be drawn into the age old debate on whether Ronaldo is better than Robbie Keane.

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