The judicial administrator of Málaga, José María Muñoz, is carrying out a profound restructuring in all the departments of Málaga in order to adjust the economic situation of the entity to its austere reality. In addition to the many decisions made and the two EREs applied, the club has obtained a loan of five million euros to be able to meet all its financial commitments during the current season. As confirmed by AS, these five million have been entered in the last days in the club's accounts, which has already made the payment of the first installment of said loan. In this way, Málaga has ensured the necessary liquidity to reach the end of the course without incurring in any type of default.
The granting of this credit of five million euros, pointed out by SOUTH, has been managed through LaLiga, which has led a plan to make a short-term financial solution available to clubs that allows them to face the enormous economic consequences derived from the pandemic in the best possible way. This credit has advantageous conditions and Malaga must return it within five years. In total, more than a dozen teams have applied to benefit from these loans.
The request for this ‘extra income’ was supported by the judge who is instructing the judicial process against the Al Thani family and the rest of those involved in it, except for Dumet Grayeb, Daniel Pastor and the Al Thani. After a few very tough months and overcoming a critical situation that had the club at real risk of bankruptcy, Málaga continues to adapt to its new reality. The sources of the club consulted ensure that this oxygen balloon will allow the club to reach its economic stabilization without shocks and with certain guarantees.
