Racing Santander Announce Increased Debt Of €48m
Racing Santander's administrators have announced that the club has a total debt of almost €48m, a figure over €10m in excess of the one presented when the Cantabrians applied to enter bankruptcy in July.
The difference was explained by the fact that investment company Western Gulf Advisory (WGA), owned by Indian businessman Ahsan Ali Syed who purchased the club in January, 2011, is shown amongst the list of creditors as being owed €8.
La Liga Report @ Oct 13, 2011 1:36 AM EDT | Blog Profile
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