Health's insurance contract with Howden to deal with potential decline has sparked controversy
The red club has stressed that this type of mechanism is common in professional sport and especially in football. The Navarro club has explained that they hired a coverage of 1.2 million to ensure compensation of 6 million in the event of loss of category.
Osasuna lost his last match in Getafe, but eventually stayed in the category.
Osasuna today defended the insurance contracted to deal with a possible downturn, an operation whose legality and normality the red club has defended, ensuring that is a regular tool to protect institutions in professional football against the economic consequences of a loss of status.
In view of the insurance controversy, Osasuna has clarified the details of the coverage contracted to deal with the economic impact of the decline. The Navarro Group has explained that the operation was contracted for a coverage of 1.2 million euros to receive a compensationof 6 million in the event of loss of category .
The red club insists that this type of formula is common in professional sport and especially in football, because the differences in income between the different levels make it necessary to have financial protection instruments in the face of possible problems.
Howden, an internationally renowned and experienced company
Osasuna has also pointed out that the sponsorship was hired through Howden, a company with great international prestige and a long track record in sports, who has been working with several LaLiga clubs for years, he recalled.
The Navarro club claims that the League itself was aware of the operation during the recruitment process, as evidenced by documents issued by Howden and the Spanish football employer, who reiterates that such protections are common for risk management in professional clubs.
Osasuna also reports that the recruitment was communicated to the chairman of the Red Club's Control Committee and that the operation will be included in the report that this body will submit in the next few days, and that the club auditors were informed of this sponsorship, as stated in the note issued by the red club.
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