A judge accuses Hercules and Foundation of hiding Abde’s transfer from the Treasury
Hercules CF has faced a long arc of financial difficulty that has sparked scrutiny from public authorities. By the end of 2021, the club carried a deficit with the Treasury amounting to 2,395,195.14 euros, a figure revealed through statements from the Tax Office on a recent Thursday. This situation sits alongside ongoing collection actions that have targeted the club for years, highlighting the heavy burden of past financial obligations.
Across the latest fiscal period, the Alicante-based team has been linked to a slate of borrowers with substantial arrears. The total debt once stood well above six hundred thousand euros for several individuals, illustrating a pattern where outstanding liabilities accumulated over time. The club’s balance sheet shows a reduction from 3,602,201.69 euros as of August 31, 2021 to the more recent figure, with a notable drop in the latter half of the prior year to 1,207,006.55 euros. In parallel with these reductions, the club has managed to divert revenue toward satisfying creditors, with some income redirected to settle government obligations. Nevertheless, the persistent debt has had practical consequences, including a constraint on travel subsidies from the Federation in recent seasons, particularly affecting trips to more distant destinations such as island tours.
Beyond the debt, Hercules finds itself in a contentious dispute with the Tax Office. Authorities have filed a complaint with the Prosecutor’s Office alleging concealment of the club’s assets and referencing a potential crime in connection with unreported funds intended to offset a two-million-euro shortfall. In response, the club has defended its actions, including a controversial player termination related to the financial gap. The organization maintains that the move and other negotiations were part of a broader plan to address historical liabilities with the treasury. Public statements from the club emphasize that money received under annulment provisions associated with Abde’s contract was entirely allocated to different debts, including those owed to the State. The club’s leadership reiterates confidence in the legality of their actions and argues that the proceedings are being misunderstood by some observers. They stress that every step taken was aimed at safeguarding the club’s operations and ensuring compliance with applicable laws, while denying any intent to mislead authorities.
A judge accuses Hercules and Foundation of hiding Abde’s transfer from the Treasury
In the midst of the financial oversight, questions have emerged about the transparency of specific transfers, particularly the Abde transaction. The case has drawn attention to whether all financial maneuvers were fully disclosed to the appropriate authorities and whether the timing of these moves had any impact on tax obligations and public accountability. Observers note that the club has repeatedly asserted that its financial practices were in line with legal requirements and that documentation existed to support each step taken in the process. The defense also points to the broader context of sustaining a football club under significant economic strain, including costs tied to player contracts, travel, and operational expenses. The situation illustrates how fiscal pressures intersect with sporting activity, raising important questions about governance, reporting standards, and the responsibilities of clubs that operate under close public scrutiny.
“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,” the club asserts in a formal statement. “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 essential efforts will be made in this direction, without implying any responsibility,” the release continues. The message signals a commitment to ongoing compliance, transparency, and resilience amid legal examinations and financial audits. Stakeholders await further developments as authorities review the records and the club remains focused on preserving its competitive status and community role in the region.
IVF paralyzes Rico Pérez’s agreement on joint use
Pedro Rojas
Further complicating the landscape, discussions around facility use at Rico Pérez stadium have stalled. The joint-use agreement has been paused, creating uncertainty about scheduling, maintenance, and shared responsibilities. The pause has implications for operations, including how revenues and costs will be allocated between parties and how this arrangement will affect future plans for the venue. Industry observers suggest that the hold could influence both club planning and local partnerships, underscoring the interconnected nature of sporting, financial, and civic interests in Alicante. As executives work through legal and logistical questions, the wider community watches closely, seeking clarity on how the arrangement will move forward and what safeguards will be put in place to ensure stable, long-term usage of the stadium for sporting events and related activities.