Bilbao gains credit line, avoids bankruptcy

2016-06-17T18:52:17+00:00 2016-06-17T19:05:07+00:00.

Antonis Stroggylakis

17/Jun/16 18:52

Eurohoops.net

Good news for Bilbao! As it was officially announced, the Basques managed to guarantee a credit of one-million euros, the needed sum with which it will avoid bankruptcy, keep its place in Liga Endesa and, more or less, prevent the club from closing down.

By Eurohoops team/ info@eurohoops.net

Good news for Bilbao! As it was officially announced, the Basques managed to gain a credit of one-million euros, the needed sum which will allow the club to avoid bankruptcy, keep its place in Liga Endesa and, more or less, be saved from closing down.

“Caja Rural De Navarra” bank reached the economical agreement with Bilbao, that guarantees the continuing existence of the organization. “We want to thank them for showing confidence to our project”, said the president of the team Xabier Jon Davalillo in a press conference following the above announcement. “We also want to thank all our partners and  “With this credit we can continue on our road”.

“With this credit we can continue in the road that we planned”, he continued. “We want to send a message of optimism. We believe that a bright future awaits us”.

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