Saturday, October 31, 2009

This Mess We're In

Real Mallorca. Pronounce "Real" correctly and it sounds "ray-ahl". Pronounce it incorrectly, in English, and it is real. Real mess, as in right mess. Not even a hundred days have passed since the new owner, Javier Martí Mingarro, took over, having paid something around 4 million euros for this basket-case of a club. Yet now, he has announced that he has nary a euro to spend. And so the club is up for sale - again. Part of the problem is that banks won't extend credit. Well, what a surprise. Perhaps someone might have asked them before pen was put to paper and the club went into new ownership.

Even less of a surprise is the fact that Real Mallorca is awash with debt. Anyone could have read the papers to learn that some 64 million euros (and rising) of short-term debt existed, to say nothing of the other 20 million or so. Anyone could have checked the books and discovered that monthly outgoings on first-team players and other staff amounted to 360,000 euros. Not everyone would have been able to say that other players and staff would not have been paid for two months.

A real mess. A real mess that has been gathering force for some time, thanks to the debt run up by the former owner, Vicente Grande. Force and farce, the latter surrounding the ludicrous episode with Paul Davidson who made a monkey of the fans, the club and his one-time cheerleaders in the local English-speaking press.

What is it with football clubs and pretenders to the ownership thrones? For Real Mallorca, read many others, such as Portsmouth or Newcastle United. Whatever one thinks of Mike Ashley, he did at least have money and did pay off the club's debts. Real Mallorca cannot even bank on this happening, because the banks won't chip in. And who can blame them?

Football appears to attract, more than any other "business", charlatans, dreamers, egoists and nutters. In England, there is at least more money sloshing around from TV. Not so in Spain, unless the club happens to be Real Madrid or Barça. What does Mallorca get from TV? 1.3 million a month. One comes back also to the fact that the club doesn't even own the stadium with its capacity not that much greater than that of ... hmm, Portsmouth's Fratton Park. There may be real estate lurking elsewhere, but what would be its prime asset, one that might act as collateral, is not its to put up as security. Again, small wonder that the banks are unwilling to play along. The only salvation is that the team, remarkably, is doing well this season.


The so-called "humid space" that is La Gola in Puerto Pollensa enjoyed a visitation a couple of days ago. Up popped the environment minister, Grimalt, alongside Mayor Cerdà to do some sort of topping-out ceremony on the parking area. For once, he wasn't cutting some tape or helping to plant a tree. The environment minister does get about. One day he's opening walkways in Son Bauló, then he's doing the same around Artà, the next he's giving the boss of TUI Germany a hand with the spade and planting the first pine in the TUI Bosc (forest). The latter is a splendid example of corporate sponsorship for parts of Mallorca. I am all in favour. Indeed, I have previously suggested that resorts could be sponsored. Maybe they will be. The sale of naming rights can bring in a pretty centimo. Just ask Mike Ashley who wants to flog off the naming of St. James's Park. But there is one more sponsorship that TUI should consider. Indeed one ownership it should consider.

TUI Real Mallorca. TUI-owned, lock, stock and barrel. There you go. Problem solved.


QUIZ
Yesterday's title - The Mamas and the Papas, "California Dreamin' ", http://www.youtube.com/watch?v=dN3GbF9Bx6E. Today's title - collaboration between miserabilist band singer and one of the finest "indie" female UK artists.

(PLEASE REPLY TO andrew@thealcudiaguide.com AND NOT VIA THE COMMENTS THINGY HERE.)


Index for October 2009

Abortion and assisted suicide - 19 October 2009
Andrés Montes - 21 October 2009
Camino de Ternelles re-claim walk - 14 October 2009
Can Picafort football tournament political spat - 13 October 2009
Christopher Columbus - 24 October 2009
City of culture and Olympics 2016 - 4 October 2009
Climate change - 17 October 2009
Council of Mallorca - 2 October 2009
Crisis in government averted - 15 October 2009
Fire-runs, European directive & - 23 October 2009, 26 October 2009
Golf in Campos - 15 October 2009
History and stories of Mallorca - 3 October 2009
IVA (VAT) and tourism - 7 October 2009, 8 October 2009, 9 October 2009
La Gola, Puerto Pollensa - 31 October 2009
Language learning - 20 October 2009
Malarial mosquitoes - 17 October 2009, 22 October 2009
October in Mallorca - 1 October 2009, 18 October 2009, 30 October 2009
Playa de Muro - 30 October 2009
Principe de Asturias awards 2009 - 22 October 2009
Real Mallorca for sale - 31 October 2009
Robberies from villas in Puerto Pollensa - 29 October 2009
Sa Pobla-Alcúdia railway - 5 October 2009
Season 2009 - 10 October 2009, 30 October 2009
Sephardic Jews, Ladino culture & - 16 October 2009
Ses Casetes des Capellans, Playa de Muro - 21 October 2009, 25 October 2009, 26 October 2009
Smoking in bars - 29 October 2009
Speed limits, driving - 27 October 2009
Temperatures exaggerated - 11 October 2009
Things that are wrong with Mallorca - 12 October 2009
Thomas Cook express concerns - 7 October 2009
TUI: trees, green hotels and state of tourism - 28 October 2009
Types you meet in a bar - 6 October 2009
Unió Mallorquina councillors' resignation - 2 October 2009, 15 October 2009

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