Tiny Basque club Eibar have been re-admitted to La Liga for next season and Elche demoted over the latter club’s financial situation. Elche have failed to settle a multi-million euro tax bill with the Spanish treasury and have been demoted to the second division as a result. The Alicante-based club say they will appeal against the decision.
Eibar won a victory for football romantics when they were promoted to La Liga for the first time in 2014. The club, who play in a 5250-capacity stadium in a small town in the Basque country are believed to have been the smallest club ever to have played in Spain’s top flight.
They were relegated on the final day of the season having occupied a mid-table position until the final weeks of the campaign.
But the club have been readmitted to La Liga after it emerged that Elche have a bill estimated at over €4million still outstanding with the Spanish tax authorities. Elche have promised to pay €3.5million by the end of July and say a repayment arrangement is in place.
“Finance is a promissory note made by a financial institution on July 28. And the rest of the debt is guaranteed,” club president Juan Anguix said.
The league has also fined Elche €180,000.