Former Alaves owner ordered to return ?6.9 million

Published on NewsOK Modified: December 3, 2012 at 8:14 am •  Published: December 3, 2012
Advertisement
;

MADRID (AP) — A Spanish court has ordered that a former owner of third-tier Spanish football club Alaves must return nearly €7 million (about $9 million) to the club.

The provincial court of Alava in the northern Basque region upheld a previous court ruling that Dimitri Piterman, his wife and another business partner return €6.9 million ($9 million).

A court statement says Piterman had been found to have used club funds to pay for hotel stays, diverted money to other private businesses and to have failed to keep accounts in a legal manner.

Piterman bought the club in 2004 but rapidly ran into financial trouble and was convicted of non-payment of payroll commitments. He left in 2007, reportedly leaving the club with debts of more than €20 million ($26 million).


Trending Now


AROUND THE WEB

  1. 1
    VIDEO: FSU's Jameis Winston sent to locker room by Jimbo Fisher after dressing out for Clemson game
  2. 2
    Big 12 football: K-State's Snyder among nation's most underrated coaches in ESPN poll
  3. 3
    Texas A&M fan wearing what appears to be a chain mail jersey
  4. 4
    Satanic black mass seeks to free people from influence of God, organizer says
  5. 5
    Owasso beats Jenks for first time since 1993; Union rolls past BA
+ show more