MADRID (Reuters) – Malaga are planning a capital increase in April that aims to raise around 30 million euros ($42 million) to strengthen the La Liga club’s finances and fund a new training facility.

Almost 600,000 new shares will be issued worth 50 euros each and the club wants to encourage individual fans as well as institutional investors to take part, officials said on the club’s website (www.malagacf.com).

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MADRID (Reuters) – Struggling Xerez, bottom of La Liga and in administration, must quickly finalise an agreement with their creditors, appoint a coach and strengthen the squad, new president Federico Souza said on Monday.

The tiny Andalusian club, who were promoted at the end of last season, have won just one match and scored only seven goals in 18 games on their first appearance in the top flight and have yet to find a replacement for Jose Angel Ziganda, who was sacked as coach last week.

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MADRID (Reuters) – Barcelona made a profit of around 7 million euros ($10 million) in the six months to the end of December 2009, which helped the La Liga club cope with a swelling wage bill, director general Joan Oliver said.

Preliminary figures showed revenues in the period increased by around 20 percent on the year, while the Spanish and European champions also paid out more in player win bonuses, Oliver said on the club’s website (www.fcbarcelona.com).

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MADRID (Reuters) – Debt-ridden Valencia’s survival is a miracle and they may be forced to sell their top players, vice president Javier Gomez said on Saturday.

Valencia, who have debts of more than 500 million euros ($744 million), were bailed out by the regional government when they agreed to guarantee a loan of 74 million euros in August.

Gomez said the club needed to find another 44 million euros this season and did not rule out selling Spain internationals David Villa and David Silva.

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MADRID (Reuters) – Real Madrid have agreed a four-year sponsorship deal with Saudi Telecom (STC) that will give STC clients access to news, photos, video and video games linked to the La Liga giants.

The deal was announced at a presentation at Real’s Bernabeu stadium on Thursday with club president Florentino Perez, STC chairman Muhammad bin Suliman Al Jasser and Portuguese forward Cristiano Ronaldo, Real said on their website (www.realmadrid.com).

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MADRID (Reuters) – Valencia would have faced ruin or relegation to Spain’s third tier if the regional government had not guaranteed a 74 million-euro ($110 million) loan in August, president Manuel Llorente was quoted as saying on Thursday.

The La Liga club, which has debts of more than 500 million euros and made a loss of 70 million last season, used the cash to build a stake of 72.5 percent via a capital increase to try and stabilise their finances.

They had to suspend work on a new stadium and Llorente told As newspaper he expected a further loss of between 35 and 40 million euros this term.

“Without the intervention of the regional government we would have defaulted on our payments or been relegated to the Segunda B (third tier),” Llorente said.

“We need to start playing (in the new stadium) as soon as possible,” he added. “It will have a capacity of 70,000, which will boost our income and free up the current stadium, making it easier to sell.”

Valencia finished sixth in La Liga last season and qualified for the potentially lucrative Europa League.

But their financial woes forced them to delay payments to players and officials said they might have to sell prize players such as Spain internationals David Villa and David Silva.

Their debts rival those of Real Madrid and Barcelona but they lack the earning power of the two La Liga giants and analysts say their plight typifies that of many Spanish clubs who are forced to live beyond their means to compete.

Llorente’s strategy to turn the club’s fortunes around involves encouraging fans to invest and he told As Valencia was rich in assets, with two stadiums, two training facilities and a squad that was “the envy of the world”.

He hinted that the club might still have to offload Villa after attempts by Real Madrid and Barcelona to sign him for 42 million euros.

“It’s nice and popular to say you won’t sell (players) but there is a difficult road ahead,” he said. “You can always sell star players and remain competitive.”

MADRID (Reuters) – Real Madrid have extended their shirt sponsorship deal with Austrian on-line betting group Bwin by three years until 2013, the La Liga club said on their website (www.realmadrid.com).

Spanish media reported the nine-times European champions will earn over 20 million euros ($29.1 million) a year from the improved agreement.

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MADRID (Reuters) – Atletico Madrid defender Tomas Ujfalusi has been ordered by a Spanish judge to pay Sevilla 875,000 euros ($1.29 million) plus costs for failing to honour a pre-contract agreement, the La Liga club said on their website (www.sevillfc.es).

Sevilla took the former Czech Republic international to court after he joined Atletico instead of the Andalucians at the end of his deal with Fiorentina in 2008.

The 31-year-old, who has the chance to appeal, has been a first-team regular at Atletico since the move.

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