The Banfield club informed through a statement the situation in which it was left after the departure of the management led by Eduardo Spinosa, following the recent elections in which Matías Mariotto was elected as the new president on October 5. In the statement, the authorities of Banfield expressed their commitment to sanitize the club's economy with transparency and rationality, in addition to forming a competitive team.
The club's debt was detailed in the report, where a payroll debt of employees is estimated at 372 million pesos, while professional football owes salaries amounting to 890.5 million pesos and 19 thousand dollars. Loans requested from financial entities during the previous management were also revealed, such as claims by Auriga League SA for three million dollars, the GCS Fund for 1380 million pesos, and Sur Finanzas for 954 million.
In addition, Banfield has debts with suppliers, the AFIP, ARBA, and police operations, as well as an embargo from Banco Provincia. To further complicate the financial situation, it was reported that checks for 1200 million pesos were issued to close a trust at the end of September, compromising the club's future income.
Matías Mariotto became the youngest president in Argentine football when he was elected to lead Banfield, thus breaking a twelve-year hegemony of Eduardo Spinosa in the institution of Lomas de Zamora. After a little more than three weeks since his election, the new management presented a detailed report on the financial state of the club and announced that the debt, which amounts to about 13 million dollars, will be fully audited.