Chapter 187: Debt Crisis

April Fool's Day in Spain is not April 1 as everyone thinks, it is April Fool's Day in the West, but not in Spain.

April Fool's Day in Spain is celebrated on December 28 every year, also known as the "Day of the Holy Innocent", on which those who lie are holy innocents and can be blamed for every word they say.

So everyone will rack their brains to make up all kinds of innocuous lies, hoping to successfully deceive others in the joyful atmosphere of the festival.

And on this day, even the media will be involved.

When you turn on the newspaper and TV that day, you will find that the news in the media is ridiculous.

So when many people see the news that Getafe is in a deep economic crisis is exposed, the first thought of many people is "April Fool's Day, right?" ”

But on second thought, it's not right. April Fool's Day is December 28, almost a month after the most recent one, and the time is not right.

Haven't you heard of any media playing April Fool's Day tricks again after a month?

Not to mention a newspaper like La Castile that has a good influence in the Madrid area.

In Madrid, Castilian is not as popular as Marca and As, but as a non-professional comprehensive newspaper, it still has a wide coverage and great influence. How could such a newspaper make such a mistake?

So there's only one answer – everything mentioned in this feature is true!

Getafe FC is really in an economic crisis!

But...... How is this possible?

From the outside, there is no sign of an economic crisis in Hetafe.

But take a closer look at this report from the newspaper "The Castilian". You will find that their words are conclusive, the evidence is full, and it is really unbelievable!

They mentioned that Getafe FC has invested very little in the transfer market since last summer.

Getafe, who has been coaching for many years, brought in Senna, Charlie Steias, Mista, Yaya in one go in the summer. Toure, Louis. Garcia and Barzaretti are six players, which seems to be a lot of numbers, but in fact Senna was brought in for free. Garcia and Barzaretti are simply on loan. The only ones who really spent the money were Charlie Steas, Mista and Yaya. Toure three.

It's no secret that these transfer fees can be checked. Charlie Steas spent 250,000 euros on the Getafe club, and Mista's most expensive was 700,000. Yaya. Toure is a measly 50,000 euros.

That's a million euros in total.

This kind of cost is relatively small for a second-division team.

Not to mention even this million euros Francisco. Flores didn't give it, Chang Sheng earned it by selling the players in the team, so Chang Sheng sold the main players in the team last season at the price of cabbage.

Then the transfer period during the winter break. Getafe have also made no moves in the transfer market. Although Getafe is number one this season, they have a strong and complete squad.

But won't the team's fitness be a problem in the second half of the season? Doesn't Chang Sheng, as a head coach, know how to prepare for this? How about strengthening the team's bench lineup?

He sold several of last season's main players, and the players who were added were all main players, and the bench basically did not change, so he expected this group to last for a season? I'm afraid it's a bit whimsical, right?

Is it unexpected?

I'm afraid it's not that simple, he can bring a bad team like Getafe to the top of the league, is there no such ability?

So the only plausible explanation is...... The Getafe club is out of money! Flores can no longer afford to invest in reinforcements, so Everwin can only be a spectator during the busy winter transfer window.

In addition, the newspaper "Castilian" also exposed a fierce news, claiming that Getafe owed a large amount of money to the bank in the wave of restructuring that year. Now the debt is coming due, and Getafe obviously can't afford that much money right now.

The exact amount was not disclosed by the newspaper "Castilla", but vaguely stated that it was an astronomical sum that could not be repaid even if the entire Getafe team was sold.

If the Getafe club cannot afford to repay the money before the debt matures, then Getafe will face three outcomes.

One. The bank took back ownership of the club, as Flores had mortgaged the club to the bank with the money he had loaned, which helped him pay off his debt for the purchase of the club's shares, and the balance was used to invest in the club as operating and transfer funds. Now it doesn't matter if it's him or the club. If they can't afford to pay back the money from the bank, then the bank will have to fulfill the contract and take the club for itself.

Of course, the banks are not interested in running a football club in the slightest, so they will only freeze the club's accounts and transfer transactions and other financial activities after they get the club, and then find a new owner for the club, as long as they can afford to bid for the club.

Second, Flores filed for bankruptcy of the club directly, and in this way, he was able to shake off the huge debt he was carrying. However, the result is that Getafe will certainly not be able to stay in the second division, and promotion to the first division will be a fantasy bubble. Because of the bankruptcy, they will be disqualified from the second division by the Spanish Football Federation and relegated to the second division B.

This is a good result, the worst result of choosing this approach is that the team's finances will completely collapse, the team will be bankrupt and reorganized, all the players and the club's contracts will be automatically terminated, of course they can choose to stay, but the club will not have the money to pay them, so 99% of them will choose to leave. A team that was alive and bright with a bright future was dismembered and then disappeared.

Even if Getafe can start all over again, with their meager financial and human resources, they don't know what year and month they want to re-enter the second division, as for the first place in the second division. The "grand occasion" of eliminating Celta in the Copa del Rey and beating Atletico Madrid is even more unknown if it will be seen again in my lifetime......

Three, Flores can not file for bankruptcy of the club, but the debt must be repaid. Before the debt matures, he can find someone to take over the team, then he can withdraw himself. At the same time, as long as he has enough funds, he can help Getafe pay off this debt. Then Getafe Club naturally does not have any debt crisis, and maybe it can be a blessing in disguise and get more transfer funds. But the Getafe club's debt came due in April this year. It's the end of January, and it's too difficult to find a rich owner to be a pick-up man in such a short period of time.

And the club in Getafe is a typical small club. Despite being in the Madrid region, they are only as big as the satellite city of Getafe, which is the fourth largest of all satellite cities in Madrid. Getafe is home to the poor, unemployed, and unemployed, so the economy has always been bad. What great development can a club with neither territory nor market have?

The owner spent a lot of money to buy the team, and also helped pay off the huge debt, but he couldn't get any benefits, and he had to continue to spend money to support such a team every year? What is he trying to do? Do you really think that people's surname is Lei, and their name is Lei Feng?

When Murdoch wanted to buy Manchester United, he also valued Manchester United's heritage and glorious history in English football. To put it bluntly, this is the brand value. What's in Getafe? Nothing! Why is it attractive?

No matter how you look at it, none of these three results are good.

The ownership was withdrawn by the bank, the assets were frozen, and the transfer was not allowed, not to mention the strength of the team was greatly damaged. At the critical moment of escalation, it is estimated that few people still have a heart to fight. If you can't do it, you can't be upgraded, and you have to be relegated...... Just like last season's Atletico Madrid, Jesus. Hill case. The club's board of directors was forcibly suspended, and the team was handed over to an agent appointed by the government to manage it, and everyone saw the result, Atletico Madrid, which had such a luxurious squad, was finally relegated directly......

Not to mention bankruptcy, it's a dead end at all, the only good thing is Flores, he used bankruptcy to get rid of his debts, and since then he has no debts and is light, as for Getafe's life and death...... He couldn't take care of it.

The third, the time is too short, it is almost an impossible task, there is no need to think about it at all.

Whatever the result, it's not a good thing for Getafe and the team that is on the rise.

In fact, the economic crisis is nothing new, and many Spanish clubs have suffered from it.

But the problem is that the Getafe club's problem is not as simple as suffering from an economic crisis. They have no money and are in debt.

The report directly stated that Getafe now has no money to pay off its debts. Flores had been looking for a solution a season ago, but it hadn't worked out until now. And he also lied to the outside world, claiming that the club was in good financial shape. Lying to the bank, saying that the club could pay the debt on time.

What the newspaper says is the truth, in fact, even if the newspaper doesn't break the news, this matter will break out when the time comes.

But the problem was that it was exposed a little early, and it completely caught the Getafe club off guard, and at the same time gave the bank a wake-up call.

Now they have to face the wrath of the banks.

Perhaps soon the banks will freeze their assets to avoid the depreciation of the club. Otherwise, they will lose a lot by then. What does it mean for this club and this team to freeze their assets and deal a fatal blow to the normal functioning of the Getafe club...... It's already obvious.

However, the reaction of the banks is not directly stated by the "Castillians", because they believe that the banks will react after seeing their reports, and it is simply a matter of no suspense.

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In the article, the newspaper "Castilian" analyzed the situation of the Getafe club and the team in great detail, of course, there are many exaggerated parts, anyway, it will scare people first, attract people's attention, don't you have to do it?

I have to admit that their approach has worked.

After many Getafe fans saw this article, their mood instantly fell from the cloud of happiness to hell.

Getafe had just made it to the quarter-finals with a glimpse of the Copa del Rey, knocking out Celta Vigo and Leganes. Sitting first in the league and beating Atletico Madrid, the big brother of the Madrid region, has given Getafe fans confidence in the future of the team, and many of them are even already looking forward to what it will be like next season when they are promoted to the first division......

But who knows, at this time, the team's debt crisis was exposed!

Everyone has heard of the fact that Getafe owes the bank a large sum of money, but that was a very long time ago, and now that so many years have passed, there is no news for a long time. They thought their debts had been paid.

And they don't know the specific maturity time of the debt, even if it is not repaid, it is not a problem to repay a little every year and pay it slowly. Anyway, it might be too early to expire.

But who knows, after so many years, this debt has not been repaid!

I didn't expect that this debt was about to mature?!