OUR beloved football club, Real Mallorca, is effectively bankrupt and at the moment the club is in the hands of court appointed administators. I am sure that even the most diehard supporter would say that the squad needs to be strengthened but unfortunately there is no money available and Mallorca are battling to stay in the First Division.
But this week Mallorca announced ambitious plans to redevelop their old Luis Sitjar ground in the centre of Palma. It is a very good idea but there is one problem; the project which has been unveiled would cost in excess of 200 million euros. Surely, it would be a better idea for Mallorca to resolve their financial crisis before they embark on a new costly stadium project? The club already has enormous debts and the administrators will not allow any further credit even to pay for new players. As we reported this week a group of British investors are interested in the stadium project but obviously they are going to want assurances over the club´s finances.
So until the roof is fixed I would advice Real Mallorca against planning any ambitous stadium plans. The first goal is to stay in the first division, the second is to pay off the debt, the third is to buy new players and then the club can start talking about a new stadium.
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