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Red Star Falls Further
ESPNsoccernet.com, April 28th, 2009 2:30PM

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Red Star Belgrade's executive board stepped down Monday amid pressure from fans and a growing financial crisis. This came after Club president Dobrivoje Tanasijevic quit last week when the 1991 European Cup winners revealed it owed around 23 million euros ($30 million) to creditors.

Many players have not been paid for months. Last week, the club had to travel to first division rivals Javor Ivanjica on the day of the match, because it did not have the funds to cover a night in a local hotel. Former Serbia winger Ognjen Koroman described what appears a typical case on the Belgrade team: "Red Star owes me a pile of money, I haven't been paid in a long while," he told daily Press, adding: "I am not going to sue the club because there is no point."

"The entire executive board has stepped down and a three-man interim committee will be in charge until June 8, when a new president will be elected," the board said. The board also promised to settle its debts to players in the future.

 

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