KK Partizan in serious financial trouble: the club owes €7 million
President Ostoja Mijailovic revealed that the club owes €7 million
EuroCup club KK Partizan is in serious financial trouble, as president Ostoja Mijailovic revealed at a press conference.
"We owe exactly 7.186.150 euros at this moment, but the whole debt could be even more because of the taxes we have to pay“, Mijailovic said.
“In our history, the club often did wrong business moves in order to have a strong squad. A lot of players and coaches made rich contracts because of the good performance in Partizan, but they left the club in debt. Some of the ex-players are willing to write off the salaries they earned. Some of them are willing to give up on 200k dollars. But, it’s very hard to work on it when our account is blocked by the bank."
"We owe exactly 7.186.150 euros at this moment, but the whole debt could be even more because of the taxes we have to pay“, Mijailovic said.
“In our history, the club often did wrong business moves in order to have a strong squad. A lot of players and coaches made rich contracts because of the good performance in Partizan, but they left the club in debt. Some of the ex-players are willing to write off the salaries they earned. Some of them are willing to give up on 200k dollars. But, it’s very hard to work on it when our account is blocked by the bank."
N. Lupo
@NicolaLupo99
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