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Malaga’s financial meltdown
Published
11:05 AM EDT, Wed August 22, 2012
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The Sheikh's spending spree —
Sheikh Abdullah Al Thani (right) purchased Spanish La Liga team Malaga in June 2010 and proceeded to spend millions bringing top players to the Costa del Sol.
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Powered by Pellegrini —
Under the guidance of former Real Madrid coach Manuel Pellegrini, players such as Santiago Cazorla and Dutch defender Joris Mathijsen helped Malaga finish fourth and qualify for the Champions League for the first time. However, Pellegrini was reportedly not paid for several months this year, while sporting director Fernando Hierro quit in May.
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Cashing in on Cazorla —
As Malaga began cutting costs, the big-name players left the club. Cazorla was transferred to English team Arsenal, while Mathijsen returned to his native Netherlands with Feyenoord.
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Fan fury —
Malaga's fans have been left in the dark where Al Thani and the club's future is concerned. Some supporters accused journalists of attempting to destabilize the team with stories of wages not being paid.
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The kids are alright —
Malaga earned a 1-0 win over newly-promoted Celta Vigo on the Spanish season's opening weekend, but Pellegrini's team needed a goal from 16-year-old substitute Fabrice Olinga to secure victory.