Bilbao: 11mil budget approved

In the General Meeting of Shareholders of Bizkaia Bilbao Basket that took place today it was decided that the club’s budget for the 2011-2012 season will be 11.309.355 euros.

The estimated surplus is set at 4.945 euros, while last season the balance was negative by 988.821 euros.

Some 50% of the shareholders were present at the General Meeting including the biggest shareholder of the club, Gorka Arrinda.

Bilbao advanced to the Euroleague Top 16 earlier this month.