Lining Spanish Company May Fail

A number of media reports reported 8 days in Spain.

Bankruptcy has been declared.

According to the state newspaper, Li Ning Co and Spanish football and basketball clubs have many business contacts, and their bankruptcy will affect the players' clothing supply.

Football clubs such as Saragossa, Las Parma, celA Viggo and Vilva are said to be "injured to varying degrees" by basketball clubs such as Malaga, Hara, and PDA.

There are western media ridicule that players need to prepare for naked debut.

Another mainstream Spanish media said.

Last Friday, news of bankruptcy and business restructuring was announced, and its cooperation agreement with a number of Spanish clubs was void.

Reported that Li Ning Co began in 2004 to cooperate with the Spanish club to provide design and production of professional jerseys, allegedly, Spain's 2008 Beijing Olympic uniform is provided by Li Ning Co.

Spain said that Lining had rented a 800 square meter luxury office in Madrid's commercial center. The company used the name of "Lining" to unimpede the Spanish clothing industry and established a logistics center in Barcelona and Valencia.

But with the deepening of the Spanish economic crisis, Li Ning Co is clearly facing an irreparable fiscal deficit that eventually goes bankrupt.

On the 8 day, Lining, a wealthy surname sales officer of Beijing company, told reporters that he was unaware of the bankruptcy of the Spanish subsidiary.

Western media said many of the club managers who signed contracts with Lining were badly battered by the bankruptcy of their subsidiaries. Some teams just entered this year's season preparations, and the sudden bad news sent the team into trouble.

The media 8 day ridicule said, let the Spanish nude.

The Royal Saragossa football team and Li Ning Co signed three.

The contract manager, 8, said he was interested in negotiating with the Li Ning Co to try to find a solution that would not affect the 2012-2013 season.

The Spanish Basketball Association director said that the bankruptcy of Lining's Spanish subsidiary did not affect the production and operation of its Chinese head office. "The Spanish Basketball Association is a contract signed with Lining headquarters and believes that the Beijing head office will continue to perform the contract."