Saturday, November 29, 2008
Manresa is not out of harm's way yet
Manresa issued a statement via their official website explaining why they are not out of harm's way yet as it might have been implied in the spanish newspapers recently.
The announcement says that the financial situation of Manresa is still delicate and that it is false to assume that the team is safe although there have been sponsoring deals of 500,000 euros, that in some cases are still pending to conclude. The shareholders will also be making a capital increase of 700,000 euros as another means of securing the longevity of Manresa. They also announced the opening of a new store selling the team's "We are ALL Manresa" t-shirts in downtown Madrid. Even Juan Carlos Navarro bought one!
This is a wake-up call more than anything else for all supporters of Manresa that a battle was won but the war is far from over.