Real Zaragoza’s financial discrepancies continue to cloud La Liga, as the sale of http://www.senore.com/Football-soccer/Ander-Herrera-c5543 to Athletic Bilbao was questioned by Spanish tax authorities.
Relegation threatened Real Zaragoza’s final days in Spanish top flight took another downward plunge as it was revealed that the Spanish tax authorities are questioning Ander Herrera’s sale to Athletic Bilbao.
Los Manos sold the exciting young attacker for a fee of 8.5 million Euros in the summer, with 2.75 million in variables. The tax office has questioned how the money was utilized by the bankrupt organization.
According to a report of The Finance Journal of Aragon, it was found that at least one of the bearer checks amounting to several thousand Euros issued by http://www.senore.com/Football-soccer/Athletic-Club-c38535 went to ADL Codesport-Group, a company controlled by Agapito Iglesias, president of Real
Zaragoza.
In previous instances, ADL sold a farm in La Almunia de Dona Godina to Zaragoza Real Estate, a company that is wholly owned by Real Zaragoza SAD.
The Spanish Commercial Courts want the operation to be clarified as it has been speculated that it was used to show losses for Real Zaragoza and its creditors, cheating the public banks in the process.
Through an authorized spokesperson, the Aragonese club gave an official explanation for the acquisition. The question has been raised in Real Zaragoza’s last General Meeting of Shareholders on December 12th as well.
Agapito Iglesias explained that the property was purchased to meet the requirements of the tax office which needs real estate guarantee and he added that the farm in La Almunia was owned by a friend.
It is the second time this season that Zaragoza’s financial discrepancies have taken the lime light over their hapless showings on the pitch. At the start of the season, http://www.senore.com/Football-soccer/Roberto-c31294 Jimenez’s transfer to Los Manos caused uproar.
The cash-strapped club acquired the services of the athletic goalkeeper for a fee of €8.6 million. It was later revealed that a football investment fund was setup to bring the Spanish shot-stopper to La Romareda, with a parent company of Real Zaragoza holding
99 percent of his rights.
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