The bankruptcy proceedings of Lleida CF place the club's debt at 6,374,195.51 euros and leave realizable assets of 202,820.97 euros, according to the report by the insolvency administrator Luis Alberto Mir. The majority of the liabilities also fall on the Tax Agency and Social Security, which account for more than 5.1 million.
The main tension of the report lies in the distance between what the club owes and what it can convert into liquidity. To this gap, another relevant fact is added, because intangible assets, including sponsorships, commercial rights, facilities, season tickets, and youth football, have a market valuation of zero euros.
Tax Agency and Social Security account for more than 5.1 million in debt
The Tax Agency appears as a creditor with 2,181,001.90 euros and Social Security with 2,939,605.68 euros. Together they total 5,120,607.58 euros, far exceeding the rest of the credits recognized in the proceedings.
Luis Alberto Mir's report adds other relevant creditors. Royalverd Service SLU appears with 420,000 euros, Actif Ponent SL with 194,420.95 euros, and Deporte y Ocio Inversión y Evaluación with 176,304.65 euros.
Societies linked to the club's current structure are also listed. Vivienda S.A.R.L., administered by president Luis Pereira, has a recognized credit of 66,000 euros, while Torres Advocats i Assessors SLP and Torres Gestió SL, linked to the deputy president Marc Torres, are listed with 9,591.07 and 4,883.02 euros, respectively.
The insolvency administrator attributes the origin of the problem to the initial model
Luis Alberto Mir maintains that the club's activity was not viable from its very genesis due to how it was structured from the beginning. In his analysis, the absorbing company started with high debt and with assumptions of liabilities towards public administrations that it could not meet.
The insolvency administrator also identifies the administrative relegation to Tercera RFEF as the point that worsened the capacity to generate current income. That step, the report states, accelerated the entity's insolvency.
In parallel, the real capacity to obtain funds is very limited. The realizable assets are valued at 202,820.97 euros and are distributed among 124,645.72 euros and 71,175.25 euros in bank accounts, in addition to an estimate of 7,000 euros for ticketing.
The report incorporates another piece of data that further reduces the recovery margin for creditors, because the club's intangible assets have a valuation of zero euros. This block includes sponsorships, commercial rights, facilities, season tickets, and youth football.
The passive mass set by Luis Alberto Mir amounts to 6,374,195.51 euros after Luis Pereira waived the collection of 2.5 million.