Bilbao gains credit line, avoids bankruptcy

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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