Football

Malaga's financial meltdown

Published 1505 GMT (2305 HKT) August 22, 2012
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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. Getty Images
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. Getty Images
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. Getty Images
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. Getty Images
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. Getty Images