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Real Oviedo out of immediate danger of folding

Updated: November 16, 2012, 7:40 AM ET
Associated Press

OVIEDO, Spain -- Thanks to the generosity of its fans and an accounting error, indebted Spanish soccer club Real Oviedo will live to play another match.

Club president Toni Fidalgo said Thursday that Oviedo had staved off immediate financial doom after an external auditor discovered that the club's immediate debts were significantly lower than originally thought.

Instead of needing $2.4 million, the historic club needed $1.4 million to avoid being forced by law to dissolve on Saturday.

Oviedo's ...

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