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Malaga´s financial struggles continue

2 November 2012 01:32

Spanish club Malaga are continuing to struggle off field, despite reaching their highest ever La Liga position last season.

Owner Sheikh Abdullah al-Thani had until October 31 to settle his debts to players, coaches and the tax man.

In September UEFA released a list of teams that will not be paid prize money until they have satisfied regulations relating to Financial Fair Play, and Malaga were on that list.

Thani reportedly still owes 70 percent of last season's salaries - that's approximately 8.5 million euros, not including bonuses for Champions League qualification.

But despite the problems, the club remains effective on the pitch - sitting in third place in La Liga after nine matches.

Last week the Sheikh gave assurances to Spanish TV channel Canal Plus that his investment into the team would continue, but problems continue to dog the club.

The Spanish tax authority has blocked the their income since Al-Thani bought it back in 2010 and there is still doubt on whether a 20-million-euro profit from recent Champions League victories is retained, as well as income from television rights.

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Primera División table

# Team MP D P
5 16 +13 30
6 15 +8 30
7 16 +5 30
8 16 -1 20
9 16 -3 20

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