MX23RW : Saturday, October 5 12:30:20| >> :600:287896564:287896564:

Raqui San Isidro's debts cleared as Pedro transfer entitles them to percentage

The transfer of Pedro to Chelsea from Barcelona helps to clear Spanish minnows Raqui San Isidro's debts as the winger came through the club's youth system.

Pedro's transfer to Chelsea will see Spanish fourth-tier club Raqui San Isidro collect around €420,000 (£305,000), the Tenerife-based club's president has said.

The Barcelona forward signed for Chelsea for €30m (£21.8m) on Thursday, and because he came up through the youth ranks at Raqui San Isidro before switching to Barca's La Masia youth academy in 2004, the club is entitled to 1.5% of the transfer fee.

"The transfer of Pedro to the English club is around €28m and €2m in variables, so it would require us to receive €420,000 in player development," Raqui president Jaime Lorenzo told Diario de Avisos.

"Now we only owe €22,000 in social security and there's a loan with Cajasiete (a bank in the Canary Islands). For this season we have a pretty good team that can go out with the aim of promotion. This will help reinforce it even more, because we can bring players from all over."

Raqui San Isidrio, which has an annual budget of around €100,000, had been €300,000 in debt when Lorenzo took charge of the club three years ago.

ID:240768: cacheID:240768:1false2false3false:QQ:: from db desktop :LenBod:restore:1519:
Restore Data
Share this article now:
Pedro Rodriguez for Barcelona on December 20, 2014
Read Next:
Pedro's mother confirms Man United switch?
>
Read more about Pedro Jaime Lorenzo Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool65011221015
2Manchester CityMan City6420146814
3Arsenal6420125714
4Chelsea6411157813
5Aston Villa6411129313
6Fulham632185311
7Newcastle UnitedNewcastle632187111
8Tottenham HotspurSpurs6312125710
9Brighton & Hove AlbionBrighton623110829
10Nottingham ForestNott'm Forest62316519
11Bournemouth622289-18
12Brentford6213810-27
13Manchester UnitedMan Utd621358-37
14West Ham UnitedWest Ham6123610-45
15Ipswich TownIpswich6042510-54
16Everton6114715-84
17Leicester CityLeicester6033812-43
18Crystal Palace603359-43
19Southampton6015312-91
20Wolverhampton WanderersWolves6015616-101


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!