MALLORCA TODAY - Real Mallorca avoid liquidation

Real Mallorca football club, saddled with all manner of debts, has been given a reprieve by a judge in Palma, the club able to raise nearly 17 million euros to cover its immediate obligations of some 13 million. Had it been unable to meet these obligations, the club would have been declared bankrupt. The club is, though, not out of the woods, as it owes 40 million, the main creditors including the tax office, social security and banks. Meantime, and on the field, Mallorca lost 1-0 yesterday in the Copa del Rey at home to Sporting Gijon.