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Sporting Lisbon stave off bankruptcy

Sporting Lisbon have won a breathing space from their financial problems by staging a bond sale which will stop them defaulting on creditors: Back from the financial brink

Both Sporting Lisbon and FC Porto have been judged to be technically bankrupt in the sense that their debts exceed their assets. Sporting and other Portuguese teams have struggled to fix their finances after years of mismanagement and a legacy of debt going back to when Portugal built new stadiums to host the 2004 European Championships. The clubs then could not fill or maintain them.

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