By Euro Weekly News Media • 20 June 2012 • 16:02
By Rob Barnes
IT would seem that the board of directors at El Castelar College, that edifice of glass and stainless steel, that stands as a beacon of fine education, in San Pedro de Pinatar, should have attended courses of monetary husbandry, and business accountancy.
The school has accumulated debts to suppliers, in just two years, of nine million euro, and is now in the process of being taken over by receivers.
Parents, called to a meeting at the college, have been told that the teaching staff will continue to be paid. From what “Pot” is not divulged!
Legal advisers of the creditors, ask that parents look very carefully at the account into which they are paying their fees, ensuring that the monthly payments, correspond with the one administrating the college.
It is hoped that the creditors can come to some kind of administrative agreement, to keep the school running, with the hope of recouping their debts.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you donâ€™t already have one. Review our
Share your story with us by emailing firstname.lastname@example.org, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.