According to the club’s official site, Atlético will be looking to file a lawsuit against the Señales de Humo association of fans and journalists and the Law Firm of Cremades & Calvo-Sotelo.
The club accuses the parties of presenting grossly inaccurate information regarding Atleti’s finances, particularly the club’s debt, which the report prepared by Cremades & Calvo-Sotelo attorneys claims is at €782m.
In their ‘Official comuniqué,’ Atlético directors stated the following:
In view of the erroneous information and the complete lack of technical rigor of the aforementioned report, as well as the inexact, slanderous and biased attacks during their presentation made with the sole objective of discrediting the current management of the Club, without regard for the inevitable harm caused to the Organization and the economic damage thereto, the Club Board of Directors has unanimously made the decision to undertake legal action before the Courts of Justice.
On Wednesday, General Director Miguel Ángel Gil Marín publicly denied the findings of the Cremades & Calvo-Sotelo report.
“It’s not true that our debt is as high as €782 million,” said Gil Marín. “It’s at approximately €183 [million], but it depends on which date you want to make an exact balance.
“The club is a long way away from [insolvency] because it has a lot more assets and equity than the amount of debt,” Gil Marín was quoted as saying by Spanish paper AS.
The paper reports that the General Director presented audited financial statements to the press. That documentation had already passed the inspection of the LFP, the Spanish National Sports Council (CSD) and UEFA.
Gil Marín went on to claim that the club could cure itself of its current financial troubles by selling off some of its star players at their current market value, or by selling its property in Alcorcón, site of los Rojiblancos’ future training ground, but he insisted this would go against club policy and plans.