* The six month reprieve from the government turned was extended by another six months * Without it, half of the teams would not have received their license for next year
The Romanian soccer clubs have once again dodged the bullet of financial collapse. All of them have until March 31st 2011 to solve their problems and to pay off their debts to the state.
The clubs which have unpaid debts were saved by the Decree no. 92 issued last year, by which companies that had no tax offence record and hadn"t entered bankruptcy or insolvency could postpone their debts by a maximum of six months. All the clubs of the 1st League managed to avoid disaster and get their playing permits for their next season. According to some of the data, half of the 18 clubs of The 1st League would have been disqualified from playing due to their arrears. There are two criteria which pose a problem for most clubs: infrastructure and financial problems.
Since most teams owe the state millions of Euros, the postponing of the payment of those debts by four to six months was truly a life buoy. In theory at least, the clubs won"t have any problems with their licenses and right to play until March next year, even if the maturity will come much sooner.
Since Romanian soccer club owners don"t plan for the long term, everybody"s happy that they got away with it for now, and it becomes obvious that next year there won"t be any leniency to be found.
Viorel Duru, the head of the License and Affiliations Department of the Romanian Football Federation, said for "Bursa" that everything is cleared for the next playing season, but a new study of the situation will be performed at the end of the year: "Concerning licenses, nothing will happen until next season."
On December 31st 2010 it"s time for the financial statements and it will then become obvious who acted in good faith an
