Pedro Transfer Secures Future of 4th Division Spanish Club Raqui San Isidro
The imminent transfer of Pedro from Barcelona to Chelsea is about to significantly benefit another club, fourth-division Spanish side Raqui San Isidro.
Pedro played for the Tenerife-based club until he was 17, who will receive an estimated £320,000 from the Spain forward's £23 million transfer under FIFA's "training and solidarity mechanism."
Like many clubs of that size, Raqui's finances are a struggle, with the club owing €300,000 in debts when president Jaime Lorenzo took over the club three years ago. Things have improved since Lorenzo's tenure, but the Pedro money will be invaluable in writing off the remaining debts and helping the club plan for the future.
"With this money that is coming to us, we will be able to clear all of the debts hanging over us," Lorenzo told El Dorsal (via the Mirror). "We will buy some apartments in order to rent them out and guarantee the club some money. It will mean we're not dependent on subsidies from the local authorities in the Canaries."
With Chelsea gaining a proven international talent and Barcelona getting good money for a second-choice forward, everyone's a winner.
[h/t Mirror]
