Posted: Thursday April 18, 2013 6:33 AM

Spanish clubs owe 670 million euros in taxes

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MADRID (AP) -Spain's Sports Council says Spanish football clubs owe the government 670 million euros ($874 million) in taxes.

Council president Miguel Cardenal says the amount of back taxes clubs owed was down from 750 million euros ($979 million) in 2012.

Cardenal told Spanish radio station Cope that the reduction was "a positive piece of data.''

UEFA has barred Malaga from European competition for one season for not paying player wages and taxes on time as part of its effort to force clubs to clean up their finances.

High debts have pushed several Spanish clubs into seeking bankruptcy protection in recent years. Deportivo La Coruna became the latest topflight club to do so in January.

 
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