Lendoiro said late on Thursday that the club had been forced to take the preliminary step toward claiming bankruptcy- a four-month period of negotiation with its creditors - after Spain's tax office embargoed a recent payment of 15 million ($19 million) of TV revenues.
Lendoiro said his club would try to reach an agreement to avoid becoming the eighth topflight club either under bankruptcy protection or still paying off its restructured debts after emerging from bankruptcy.
As of last spring, clubs owed the government 752 million ($982 million) in back taxes.
Deportivo La Coruna close to seeking bankruptcy protection
Advertisement