The popular Spanish resort, La Manga Club will continue to operate despite its insolvency declaration last week.

The insolvency agreement allows payment to all creditors to be put on hold without any financial penalty until 2010. The 1,220-acre Costa Calida resort features three golf courses, 28 tennis courts, eight football pitches and a five-star Hyatt Regency hotel and has been popular amongst English footballers.

Image by palm_z under Creative Commons