A minor miracle keeps Elche up

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Spain’s Professional Football League (LFP) has confirmed that Elche have met all of their obligations with the Spanish Footballers’ Association (AFE) and themselves and can therefore be registered in the second division for the 2015/16 season.

The club made a €2.9m cash payment to the country’s tax authorities after the money was raised by a local businessman and fans who paid their membership fees ahead of time in order to pull off the “feat”, as it was described by the city’s mayor Carlos González.

Meanwhile, a deal with the AFE has seen the players who had begun legal proceedings against Elche accept to defer payment of the €1m owed to them by the club. Aside from this €1m, Elche will also have to make an income tax payment of around €3m in September.

Original Font: Marca.com

 

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