MADRID nike air max 360 uk , May 21 (Xinhua) -- The Charles Dickens character Mr Micawber had a famous saying regarding looking after one's personal accounts.
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery," he said in the book David Copperfield off white air max 97 uk , Mr Micawber, however, never lived in Spain, otherwise he may have felt differently.
Eibar is a town of under 30,000 inhabitants midway between the cities of Bilbao and San Sebastian in the Basque Region in the north of Spain.
The town's football team, SD Eibar has never played in the top flight of Spanish football and their Ipurua Stadium has capacity for just over 6 nike air max 97 silver mens ,000 fans. This year their average attendance this season is around 3,500.
Last season saw Eibar win promotion to the Liga Adelante (the Spanish Second Division) and under coach Gaizka Garitano, this season has been even better. If they beat local rivals Alaves this weekend, while Las Palmas and Murcia fail to win their respective matches, Eibar will be promoted to the Primera Liga for the first time in their history and with two games left to play.
However, there is a problem and as the club president Alex Aranzabal explained to Xinhua nike air max 97 womens uk , they could pay the price for their success, not with promotion to the BBVA Primera Liga, but with relegation to the third tier of the Spanish game.
"There is a law which states that a club needs to have a minimum amount of capital. We think that is unjust as a club's solvency has nothing to do with the amount of capital they have. We have no debts and we have a very healthy," he explained.
This law: the Royal Decree, 12511999 says every team in the Second Division or above must have a capital equal to 25 percent of the average expenses of all the teams in the Second Division.
This is a massive problem for Eibar who have a capital of just 400,000 euros (550 cheap nike air max 97 womens ,000 US dollars). In order to survive, the club needs to bring itself in line with much bigger clubs such as Zaragoza, Deportivo La Coruna, Murcia or Sporting Gijon.
It doesn't matter that despite having the smallest budget in the second division Eibar are run at a profit, the choice is stark:
"Between now and the 6th of August we need to find an amplification of capital of 1,700 nike air max 97 mens uk ,000 Euros," explained Aranzabal.
In order to save the club, Eibar has organized a massive issue of 34,486 shares, each of which