Espanyol news

Cashflow problems hit Espanyol wages

March 29, 2013
By Dermot Corrigan, Spain Correspondent
Espanyol president Joan Collet has said cashflow problems mean the club cannot pay their players' wages in full and on time, and voiced his appreciation for their understanding of the situation.

Collet told a press conference on Thursday that he had met senior players and told them their monthly salaries could not be paid in full until a new line of credit was finalised.

He acknowledged that the financial situation at the club was serious, but said it was under control.
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