The Andalusian club are find themselves in the company of 22 other clubs, whose prize monies were held back by the European governing body pending the results from investigations.
With the start of UEFA sister competitions, Champions League and Europa League, approaching, UEFA announced the final list of 23 clubs who have not been given remunerations after financial irregularities were reported in their balance sheets.
Spanish La Liga outfit, Malaga, whose financial misgivings were reported during the 2012 summer transfer window, is one the said institutions. La Rosaleda based club have moved swiftly to explain their position on the said matter, claiming that they are
working to resort the situation.
Malaga’s website revealed that they are undergoing restructuring at the moment with their eyes set on guaranteeing a sound future of the club. It added that they undertook the aforementioned procedures to make sure the financial commitments of the club are
met, whilst ensuring that a balance is reached regarding their expenses and revenues for fulfilling the UEFA fair play standards.
Continuing on the subject, Los Anchovies statement read that their name has been placed on the list as a precautionary measurement, and they will not be penalized by it.
“Further to the previous statement made by the club, a complete internal restructuring process got underway over a month ago, aiming to guarantee the future viability of the club.”
"The starting point of this process was to address the financial commitments, and find a balance between income and expenditure, in order to meet with the UEFA fair play requirements.”
“The club is still fully immersed in this process, and has now stabilised the financial situation with other clubs, employees and players, and is in negotiations with ‘Hacienda’.”
"Although a definitive agreement has not as yet been reached, the amount owed by the club has been significantly reduced over the last month. Malaga Club de Futbol has informed UEFA of this situation, and there is a transparent relationship between both
organisations.”
“The inclusion of Malaga Club de Futbol in the list published today by UEFA is a precautionary measure and not a penalty, which can be lifted as soon as an agreement is reached with the "Agencia Tributaria," something which the club has been working towards
for several weeks.”
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