Castellon Airport, a pet project of the disgraced former head of the provincial government of Castellón, Carlos Fabra, who was sentenced to four years in jail in 2013 for tax evasion, continues to make headlines for all the wrong reasons, as a previously signed sponsorship contract with local third division football club CD Castellon leaves the Valencian Regional Government with no alternative but to honour the 660,000 euro agreement with the near bankrupt club.
The unused Castellón Airport (Aerocas) signed up with the football club at the start of the 2009-2010 season. The regional government owns 99 percent of Aerocas, which cost €170 million and was officially opened in 2011, but has yet to see a plane land or take off there.
Just one of many debt ridden Spanish football clubs, CD Castellon began bankruptcy proceedings last year. It currently owes its creditors 5.3 million euro. In a statement last week a spokesman said that the sponsorship money was of “substantial importance” in helping safeguard the club’s immediate future. Meanwhile the Regional Government, which is in dire financial straits itself, is currently running a €3.5 billion deficit of its own.
All in all, sponsorship deals agreed by the empty airport with Villarreal football club and other sporting entities, including the Alex Debón motorcycle team, are reported to have been worth a total of €35 million.
Filed under: http://www.theleader.info/article/44648/
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