José María Ruiz Mateos facing bankruptcy again

09:19 El NACHO 0 Comments

José María Ruiz Mateos facing bankruptcy again: "Nueva Rumasa, the business empire of one of Spain’s most charismatic and famous entrepreneurs, José María Ruiz Mateos, is on the edge of collapse, but the man himself has said ‘If I can’t pay the investors, I’ll shoot myself’.

Ten of the companies in his Nueva Rumasa group are reported to be on the point of having to announce a suspension of payments, including the football team Rayo Vallecano, and food companies Dhul, Clesa and Elgorriaga. The debt is reported to have reached 700 million €, most of it owed to the RBS, Santander and Aareal banks."

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