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Blanquiceleste

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Blanquiceleste S.A.
Native name
Blanquiceleste Sociedad Anónima
Company typePrivate
IndustryAssociation football
FoundedDecember 29, 2000 (2000-12-29) in Buenos Aires, Argentina
FounderFernando Marín
DefunctJuly 7, 2008 (2008-07-07)
Key people
  • Fernando Marín
  • Fernando De Tomasso
Owner
Members250[2] (2002)

Blanquiceleste S.A. was an Argentine company that managed Racing Club’s football team, stadium and merchandising during the club’s bankruptcy proceedings, from 2000 to 2008.[3]

History

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In 1999, following a bankruptcy request filed by former president Daniel Lalín, Racing Club came under the control of a court-appointed trustee led by Judge Enrique Gorostegui.[4] This was the result of pressure from club members and the implementation of Argentina’s Trust Law.[5]

In 2000, businessman Fernando Marín submitted a management plan aimed at repaying the club’s debt over a ten-year period. On December 29, the plan was approved, officially launching the tenure of Blanquiceleste.[6] In 2001, Racing avoided relegation playoffs with key wins over Colón and Independiente and went on to win the Argentine league title for the first time in 35 years, under coach Reinaldo Merlo.[7][8]

In 2006, after mounting criticism due to poor results, Fernando De Tomaso replaced Marín as head of Blanquiceleste.[9] That same year, Racing controversially leased its stadium to archrival Independiente while their own ground was being renovated.[10] Between 2007 and 2008, fan protests intensified amid allegations of unpaid salaries, bounced checks, and mounting debts.[11] Reinaldo Merlo, who had returned as manager, publicly accused the management company of breach of contract and internal sabotage.[12]

Growing pressure from supporters and worsening financial conditions hastened the end of the deal, originally set to expire in 2008.[13] Judicial administrator Héctor García Cuerva requested immediate termination of the contract.[14] On July 7, 2008, the agreement with Blanquiceleste S.A. was formally terminated, and the company was declared bankrupt that same day.[15] In December, club elections were reinstated, and Rodolfo Molina was elected president with 44% of the vote.[16]

References

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  1. ^ Página/12. "El verdadero dueño de Racing". Página/12 (in Spanish). Retrieved 2025-06-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. ^ Página/12. "Para Marín, "Blanquiceleste pierde plata"". Página/12 (in Spanish). Retrieved 2025-06-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ^ Compte, Juan Manuel (2021-07-03). "Del Racing campeón al "paso a paso"". Cronista (in Spanish). Retrieved 2025-06-10.
  4. ^ Avellaneda, Daniel (2019-03-04). "A 20 años de un Racing quebrado que al final nunca dejó de existir". Clarín (in Spanish). Retrieved 2025-06-10.
  5. ^ González, Luciano (2023-03-31). "Por qué la "Ley Racing" podría salvar a Independiente". Clarín (in Spanish). Retrieved 2025-06-10.
  6. ^ Clarín (2000-12-30). "Racing, el primer club grande que será gerenciado". Clarín (in Spanish). Retrieved 2025-06-10.
  7. ^ Página/12 (2001-06-01). "Racing se vengó". Página/12 (in Spanish). Retrieved 2025-06-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. ^ TyC Sports (2023-12-27). "Se cumplen 22 años del Torneo Apertura 2001 que ganó Racing". TyC Sports (in Spanish). Retrieved 2025-06-10.
  9. ^ La Nación (2006-05-05). "De Tomaso asume hoy el mando en reemplazo de Marín". La Nación (in Spanish). Retrieved 2025-06-10.
  10. ^ Canal26. "Los hinchas de Racing no le quieren prestar la cancha a Independiente". Canal26 (in Spanish). Retrieved 2025-06-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  11. ^ La Nación (2008-02-27). "Una marcha que terminó con incidentes y 35 detenidos". La Nación (in Spanish). Retrieved 2025-06-10.
  12. ^ Página/12. "Lo echaron por hablar". Página/12 (in Spanish). Retrieved 2025-06-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  13. ^ Clarín (2008-03-25). "Más de cuatro mil hinchas de Racing se manifestaron en contra de Blanquiceleste". Clarín (in Spanish). Retrieved 2025-06-10.
  14. ^ La Nación (2008-05-27). "García Cuerva asumió en Racing". La Nación (in Spanish). Retrieved 2025-06-10.
  15. ^ Clarín (2008-07-07). "Se terminó el gerenciamiento en Racing". Clarín (in Spanish). Retrieved 2025-06-10.
  16. ^ La Nación (2008-12-22). "Rodolfo Molina es el nuevo presidente de Racing". La Nación (in Spanish). Retrieved 2025-06-10.
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