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Malaga city hall classifies financing scheme for the Academy project as "high risk"

  • A study has concluded that the project would have to rely on "one-off payments and donations" and "the will of club owner Sheikh Abdullah Al-Thani"

The Department for Urban Planning at Malaga city hall has delivered a damning verdict on the Málaga CF Foundation's financial plan for the new academy set to be to built on ground ceded for free in the Arraijanal district of the city.

The study concluded that “income would be far inferior to the expected costs” and that the project would have to rely on “one-off payments and donations” and “the will of club owner Sheikh Abdullah Al-Thani”.

For this reason, the project has been described as “high risk”, a cause for concern for Málaga para la Gente, a left-wing group on Malaga council, whose spokesman, Eduardo Zorrilla, said that there was a real danger, in light of this news, that the project would “either never happen or would end up half finished and unused”.

He also said Malaga mayor Francisco de la Torre (PP) would be to blame if this were to happen and expressed concern over the sheikh's “track record for delivery”.