Deportivo La Coruna president Augusto Cesar Lendoiro has been asked to step down by the administrators examining the club's financial situation.
AD Cryex claim that the total debt of the Spanish club that stands at €156m (£133.7m) is down to the financial mismanagement of the long-serving Depor chief, who has been at the helm of the Galician outfit for 25 years.
"The club's viability will only be possible if there is a radical change in the way of conceiving and executing the strategy and management of the organisation," reads a statement from the administrators in court in La Coruna on Monday.
"The true cause of the club's insolvency has been the maintenance of this method of management, against all reality, taking on liabilities in multiple aspects [players and other professionals, agents, clubs, youth systems, facilities] for quantities absolutely outside the club's financial possibilities.
"The policy of continuing with costs greater than revenues, as if debts did not need to be paid, or could be forgotten about, could only lead, as it did, to the deficit growing progressively to abysmal levels."
Deportivo entered administration in January.
Subhankar Mondal
