Spanish football clubs cut their debt to the taxman by eight percent last year from 752.3 million euros (973.8 million dollars) to 690 million (893 million dollars), the Madrid treasury said Tuesday.
Real Madrid's Portuguese forward Cristiano Ronaldo (R) vies with Real Madrid's Cristiano Ronaldo clashes with Barcelona's Dani Alves in Madrid on March 2. Spanish football clubs cut their debt to the taxman by 8% last year to 690 mn euros, the Madrid treasury says.
"The debts of Spanish clubs to the tax authorities ... stood at 752.3 million euros at the start of 2012. They now stand at 690 million, which represents a drop of around eight percent," a spokesman said.
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