360° Coverage : Spanish transfer market moves as government confirms huge club-...

Spanish transfer market moves as government confirms huge club-debts

Madrid, July 5 (IANS) Although there is only one Spanish BBVA Primera Liga club working to prepare for the new season, that has not ruled out a bust day of activity in the transfer market.

Jul 5 2013, 3:48am CDT | by

Spanish transfer market moves as government confirms huge club-debts
Photo Credit: MIGUEL RIOPA, Getty Images

Madrid, July 5 — Although there is only one Spanish BBVA Primera Liga club working to prepare for the new season, that has not ruled out a bust day of activity in the transfer market.

Real Sociedad are currently the only side back at work as the team, which finished last season in an impressive fourth place, prepares for a vital Champions League qualifying tie in August, reports Xinhua.

Qualifying for the group stage of the competition could be worth around $30 million to the Basque side and Thursday saw them seal a deal for left back Jose Angel to return for another season on loan from Roma.

The former Sporting Gijon spent last year with the club and will provide important cover on the left for what looks to be a busy season.

FC Barcelona were also in action agreeing a deal to extend the contract of Rafinha Alcantara until the end of June 2016. The move is interesting given that Rafinha, who has made one first team appearance for Barca and spent last season playing for the club's B-team, is the younger brother of Spain Under-21 international Thiago Alcantara, who has so far refused offers of a new deal and could at the moment leave Barca if another club is willing to pay his buyout clause of 18 million euros.

Sevilla, who have sold winger Jesus Navas to Manchester City and who could also sell striker Alvaro Negredo to the same destination, have sealed a one-year loan for defender Nico Pareja from Spartak Moscow, while Villarreal have brought in Slovenian international left back Bojan Jokic from Chievo Verona on a four year deal, Jokic replaces Joan Oriel, who recently moved to Osasuna.

Malaga have bought defensive midfielder Bobley Anderson from Wydad Athletic Club Casablanca in an attempt to give depth to a squad which has seen various departures this summer.

It is perhaps not surprising that the majority of these signings are players on either loan deals, free transfers or for low transfer fees given that the Spanish government revealed Thursday that the total debt of Spanish football clubs currently stands at over 664 million euros ($857 million).

This data does not include the four clubs which are the property of their members; FC Barcelona, Real Madrid, Osasuna and Athletic Club Bilbao and with Barca, Madrid and Osasuna all having considerable debts, the total debt is certainly considerably above the figure published by the government.

--Indo-Asian news Service

sr/dg

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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