Monday, May 26, 2014

Can Eibar Seal La Liga Promotion In Time?


Here's one for the little guy... hopefully...

Eibar got another home win a few days ago with a win over Deportivo Alaves
((HT: LigaAdelante))

Eibar secured promotion from the Secunda League, but they have one of the smallest stadia in the competitive ranks in La Liga with a gate a little over 5,000. They need to raise almost 2-million Euros by early August to meet all the financial obligations they need to meet- and there are, apparently, a lot of them.

Sid Lowe, over at, has the by-law in question:

According to the law -- Real Decreto 1251/1999, which became applicable to Eibar when they were promoted to the Second Division in the summer and thus took their place in what is formally classified as professional football -- every team has to have a capital equal to 25 percent of the average expenses of all the teams in the Second Division, not including the two clubs with the biggest outgoings and the two clubs with the smallest outgoings in the division.

In theory it is a way of guaranteeing the survival of clubs but in practice, it could cripple Eibar

Eibar is operating in the black, but might have to get some big investors (or a lot of little ones) when the shares come out.

Count the HQ in at 50 Euros a piece when available...

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