We have had access to the reports of the prestigious Auditing firm Auren with franchise in Vigo, which has been preparing in recent exercises on the accounts of the Galician Federation of Vela. The last report we have is from the 2015 financial year that contains conclusive data: the Galician has "eaten." your own resources and walk now "direction to the unknown" With negative heritage... the last exercises offer only very red results: in 2014 the losses are estimated at 60,722,37 euros and in 2015 to 65,942,37 euros... total that the heritage in 2015 was already negative by 62,815,07 euros... in the same balance sheet is recognized a current liability of 163,785,19 euros... which has apparently increased considerably in this financial year 2016, still unclosed, until the figure that its economic and treasury vice president, Viviana García, personally confirmed to the ordinary assembly held in Villagarcía de Arosa in past days: 300,000 euros. It seems that among other debts are the almost four payrolls to the workers (plus the Christmas pay), the 6 euro fee for federal leave over the last three years (to the Royal Spanish Federation of Vela)... to give an idea of figures only these two items represent about half of the debt... the federal actions that are being a real fiasco have in the very bad management in terms of events (races or courses) another of their "aquil heel"Since a number of actions have been organized, which are poorly budgeted and have caused significant losses. May it be all corrected for the good of the Galician candle, even though more than good future management the Galician will need a miracle.

Part of the extensive audit report on the serious economic situation of the Galician Vela Federation

21 / 12 / 2016: Nervousness in the Galician of Vela for the filtration of its debt of more than 300,000 euros

Some of the leaders of the Galician Vela Federation not only do not assume their strenuous failure at the head of the institution that has led to economic debacle, but they have the sad occurrence of breast-taking... We echoed the unfortunate work situation, which the Labour Inspectorate is already aware of. (they owe the staff almost four months of assets, plus the Christmas pay... which is about 60,000 euros)In the Galician, however, nervousness was detected and even serious insults were thrown at those responsible for Digital Nautics. The most curious thing is that the president of the Galician used our information to convene an Extraordinary Assembly on the 29th of this month, and thus comply with the legal requirements for the approval of accounts for the financial year 2016 and the 2017 budget.

As it cannot be otherwise Nautical Digital, it is very concerned about the development of the very serious economic problem of this Federation, as is the desperate situation of one of the most loved and emblematic clubs of the Spanish nautical, the Royal Nautical Club of Vigo or the rocambolesque presidency of another of the great, as is the case of the Nautico of La Coruña... To the Galician and Spanish candle, this does not favor in and for anything... Some and some should think that they are doing something wrong when the Galician owes more than 300,000 euros, the Nautico vigués more than 5,000,000 and has reduced its social mass to 40% in four years... and the Coruñés is approaching 600,000 with a social mass in which the youth shines for their absence... the worst with the judicialization of the management of the Club... In February 2017 the hearings begin of a series of trials in which the Herculine president himself is involved, accused of several very serious irregularities in his management by the opponents, who are the majority at this time.

Exclusive: the news of the Galician Federation's debt

Alarming economic situation of the Galician Vela Federation that it has recognized at the Ordinary Assembly held at the Vela Centre of Villagarcía de Arosa a debt more than 300,000 euros, among which are about four monthly to its workers (three to this day that will be four on 31 December). Manuel Villaverde who has joined the former president of the Royal Nautico Club of Vigo as economic vice president, has already promised an economic improvement in the last two assemblies, but the reality is that the Galician is increasingly on the brink of bankruptcy.

The Galician de Vela has a very delicate economic health

In the Arosan assembly there were only 20 representatives of the 51 totals with voting rights: much less than 50%, which shows that the Galician candle is turning its back on the problems that Villaverde has. Some Assemblists showed their disagreement with the management, with appointments of surprising directors, case of the aforementioned Viviana García who has resigned in the Nautico de Vigo just before presenting the current directive (who took over before fulfilling his mandate) the application for a competition of creditors with a debt of more than 5 million euros; as well as the vocaly of José Manuel Paredes Corredoira that has a not precisely successful and brilliant past, in the management of the Galician Federation of Piragüismo.

There were questions for technical director Bruno Gago, in the sense of how the emoluments could not be paid to the professionals and yet to subsidize the regatists, to participate for example in regatas in Catalonia... In the assembly also, Villavarde was recriminated to use apparently the Federation vehicle for personal actions, as well as the ships owned by the Galician or at least the arbitrariness in the use permits. It was approved despite the entire 2015 statement of accounts, but not so the 2017 budget... because the current directive did not submit the 2016 accounts... this fact is, according to our information, a very serious one as it contradicts the Law on Sport, which says "that it is necessary to start an exercise with the approved budget"... The economic vice president who publicly recognized the Galician's debt, committed herself to the assembly that lasted for three hours, which by March or April will present a viability plan...