Hercules reduced 1.2 million debts to the Treasury in six months

The list of borrowers that the Alicante team has been involved with in recent years includes taxpayers who owe more than 600,000 Euros. The Alicante club moved from its debt of 3,602,201.69 euros as of 31 August 2021 to the current figure, where it reduced the deficit in the second half of last year to 1,207,006.55 euros. In addition to confiscating all proceeds, the entity reduced its debt to the Treasury after paying the amounts. Due to this significant debt, the club is unable to receive travel subsidies from the Federation each season, especially with a few trips to the islands.

In addition to his debt, Hercules is currently in a dispute with the Tax Office, which has filed a complaint with the Prosecutor’s Office alleging the club and the crime of hiding the club’s assets in order not to allocate two million euros. Termination of player Abdessamad Ezzalzouli to make up for his deficit. In this sense, the blue-and-white club stated weeks ago that it was trying to pay “six times” of the historical debt with the treasury. Hercules is adamant about the legality of the proceedings questioning the complaint from the Public Ministry: “The money taken from the annulment article of Abde’s contract was fully used to pay debts of different nature, including his debts to the State. Tax Office” repeats his defense of Mavi Beyaz.

“All payments made are justified and duly documented. Some of these subscriptions were necessary for the survival of the club and necessary to maintain both its economic and sporting activity,” they argue in a corporate announcement. “We want to inform the public that all necessary and possible steps will be taken for the continuity and survival of this football club and that all necessary efforts will be made in this direction, without implying any responsibility,” they admitted.