José María Ruiz-Mateos was the head and main shareholder of Nueva Rumasa - the company that owned Rayo and other companies - mainly specializing in dairy products. (He wasn't the president of Rayo though - his wife, Teresa Rivero, was Rayo's president). In early 2011, the directors announced a debt of over 700 million euros, that it was on the verge of bankruptcy and that staff wouldn't be paid. And the players were visibly angry about it - captain Míchel assured the press that the club would continue fighting on the pitch, but the day after the announcement was made, six key players didn’t attend training. Veteran midfielder José María Movilla spoke on radio station SER about the situation, about the fact that he had only received seven of the last eighteen months of pay, about the fact that there were a few players who couldn't even afford car repairs. When Rayo Vallecano were about to earn promotion to La Liga despite all the odds - the players not being paid, ...