Espanyol Vice-President: “We have money if it is needed”

Espanyol Vice-President Sergio Olivero has confirmed that the club have access to funds if it is deemed that transfer activity in January necessary.

Focus in recent days has been on whether or not the club’s squad is strong enough to guarantee a comfortable League campaign and whether or not they have financial capacity to dip into the market if they need to.

Last week, sporting director Ramon Planes intimated that the financial situation at the club has forced a reliance upon on its youth system and that where the club saw notable departures during the summer, Los Periquitos were left unable to offer competitive transfer fees and wages to potential replacements.

However, Olivero has insisted that should the club need to take action in January to bring in new faces, that the banks that currently hold final say on such decisions will grant the release of sufficient funds.

“We will have the money to succeed. This is down to the sporting side of the club and if they come to us, we will [have money]. If they do come to us, it will be because we are in a position we do not want to be in.”

Talking to Com Radio, Olivero refused to be drawn on the exact amount that could be made available, where €3m was a suggested figure.

“The numbers are very high. We almost signed [Mounir] El Hamdaoui for €3m. He is a man that is good enough to score goals, according to the information we have. If we are asked, we will make the effort.

“Hopefully though, it will not be necessary because that would mean we are doing well, winning matches and scoring goals. However, if there is a need to purchase, we will because we must have a strong team and that is top.”

El Hamdaoui was at Espanyol on August 31 to negotiate a deadline day transfer only for the deal to break down with Ajax over an economic issue.

“If the club needs money, we will be asked which player needs to be replaced. It’s a tug of war. This does not involve any conflict but is a philosophy of the club that we all understand.

“We opted for the youth team and to reinforce it with a couple of quality players. This is the idea for Espanyol’s future. We are a selling club, but also one that buys. This year we had an expenditure of more than €5m.”

Olivero also gave an insight into how they approach contract negotiations. Javi Marquez has broken negotiations on extending his contract beyond 2013 and this is reportedly down to the club’s economic terms proving too low. The midfielder has a €8m buyout clause and is again this week linked with a January or summer 2012 switch to Atletico Madrid.

“Instead of a talking about an individual salary cap, we have a collective level. The idea is that however much we have is divided between the squad and the maximum is between €22.5m and €23m.

“It is the highest part of the club’s budget but would not have it as more than a 50% spend of the total budget, which this year is €47m. With these numbers we work well.”

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