Why does malaga have financial problems




















When Malaga's status rocketed following a takeover from the Qatari royal family, it appeared that the route to the promised land of Champions League football would be a smooth one. But the Andalusians head to Athens for the return leg of their Champions League play-off with Panathinaikos on the back of a journey that has taken a twist or two more than even the most thrill-seeking fan would have hoped for. Financial problems have meant La Liga's biggest spenders of last season have become the only team in Spain not to sign a single player this summer.

With little money in Spain outside the Barca and Madrid duopoly, there was a real chance for Malaga to become a powerful presence in La Liga following Sheikh Abdullah bin Nasser al-Thani's initial big impression. Arrival in the group stage - and potential ties against the likes of Chelsea, Manchester United and Bayern Munich - have been the aim ever since summer And after scraping home in fourth spot on the final day of last season, it seemed like they had taken that chance.

So the club's current financial troubles have come as a shock to many, at least outside Spain. When Malaga should have been strengthening to ensure Champions League progression, they have been selling to stay afloat with the owners' interest waning. Of course, Arsenal were one of the first beneficiaries of Malaga's problems. Their inconsistency continued as a good run was followed by a spell of six losses in With March fast approaching, the Andalusians were in ninth, and the season was turning into fast failing to live up to expectation, with European football mooted as the aim in August.

On 22 August , at La Rosaleda, they began their latest European odyssey. It was where Al-Thani envisioned the club would be when he began investing in them just over 26 months earlier. They were to start in the playoff round, as decided by their fourth-place finish in LaLiga, taking on Greek giants Panathinaikos, perennial participants in the tournament during the previous decade and a club that once came close to knocking out Barcelona in In contrast to the Spaniards, the Athens outfit had suffered financial problems and were not the team that was once a nuisance for so many.

Read The coming of Isco: a star finally on the way to greatness. Los Boquerones were seeded in Pot 4, meaning they could have been drawn against English trio Manchester United, Arsenal and reigning champions Chelsea. Their reward for beating Porto was a tricky tie against Borussia Dortmund, who had won their second consecutive Bundesliga title the previous season. They were a team to be feared, dominating with the likes of Marco Reus and Robert Lewandowski in their ranks.

In a cruel twist of fate, centre-back Felipe Santana controversially scored in the dying moments to give Dortmund the win, with the winner coming after the Brazilian netted from an offside position.

The visitors were sent home with nothing. News 21 February News 22 November News 12 November News 18 July News 12 June Related Good Practices. Looking at neighbourhoods such as the city centre or the Huelin, one of these workshops has mobilised experiences from Brussels, a city that is at the forefront of combining environmental and economic policy making through its ambition Regional Circular Economy Plan. Vision building for Malaga Building a vision for Malaga's economic development model through a strong institutionalised network.

M alaga strategy workshops Addressing the steps needed to overhaul the economic development of Malaga. You are here Case studies Malaga: A robust and sustainable economy needs smart steering by public authorities. Malaga takes the region's socioeconomic destiny in its own hands. What are we dealing with? What is the vision for the region? What is the city vision for the citizenship? The proposal of TURAS taking into account people is very important, they called it the four helix: university, businesses, municipalities but also people as a society.

What is the strategy for the region? A city for knowledge and innovation The second and third star projects are intended to ensure that people are the focal point for the future model of the city.

The success of these proposals will also condition the progress of the "Capital of Urban Cultural Tourism" project which aims to host the Cultural Capital of Europe event in , as the ultimate seal of approval.

The new area linking all Malaga citizens Mobility in the metropolitan area The Airport and the River Guadalmedina have been selected as the most visible banners in the development of the metropolis on a national and international scale, clearly reflecting the improvements to infrastructure and a firm commitment to quality. How can we improve our strategy for the city? The network is established, funding opportunities and pilots identified Building on the TURAS momentum, a multi-actor platform was set up in



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