Football clubs strengthened their balance sheets in the summer: almost 200 million in capital increases

2024-09-01 06:26:02

Spanish football clubs have chosen this summer to strengthen their balance sheets. Together, The first and second six groups have closed (or are in progress) capital increases for more than 193 million euros. One of the great motivations behind this type of operation is to raise the salary limit set by La Liga, which allows it to increase between 50% and 80% of the value of the economic injection.

The greatest activity of these characteristics has been done in Atlético de Madridof partners They have injected 70.78 million euros. The extension with preferred subscription rights to current partners was approved last June at the General Shareholders Meeting. Atlético HoldCo, a company owned by Miguel Ángel Gil Marín (50%), North American fund Ares (34%) and Enrique Cerezo (15%), the club’s largest shareholder with 70% of the capital, announced that it will contributed to 50 million euros. Gil Marín himself, who is the President of the entity, indicated that this injection is necessary to “achieve a balance between investment in infrastructure and maintain a competitive workforce.”

The next input by volume is led by the shareholders of Deportivo de la Coruñaa club majority owned by Abanca. On July 1, it was published in Borme a extension of 66.72 million thirteen with lighter subscription rights to current shareholders, with the issuance of 62.9 million new securities at 1.06 euros each between the face value and the tax rate, which includes the exchange of credits in respect of the shareholder financial entity, who has chosen to use them on them.

The third largest contribution from ongoing partners Real Betis Footballstarted in June this year, although it was approved at the Extraordinary General Meeting of Shareholders in June 2023. In total, the Sevillian group will issue 117,500 new shares at a price of 365.44 euros each, which increase capital to 42.9 million euros. As Betis explained in a statement, this work is necessary to “balance the financial position” of the club, in the losses from the 2019-2020 season, “to face with the recommendations of the new challenges of the Strategic Plan 2022/26”, and “Construction of the new Benito Villamarín Stadium”.

Less extensions

Many clubs, especially in the second division, have closed small expansions. Them SD Huescaparticipated by the Alcoraz Foundation, closed its fund in the middle of the month, with the entry of Grupo Costa and Grupo Arqa meatwhich They will contribute four and two eurosrespectively. “It guarantees the viability of the article and the sports project for the current season, which ensures that the club can increase the salary limit and with the registration of players for its first team, in addition to the viability of the remaining teams. that secures its security in different departments,” explains the Aragonese group.

Him Lift it up launch yourself injection of 2.94 million thirteen through the issuance of 48,975 new shares at a value of 80.10 euros each in two stages: the first one intended exclusively for minority shareholders and another for all partners. In March of this year, the work of these characteristics was closed, but it was a credit imbalance in the hands of investor José Danvila.

Finally, the Burgos Football Club launched the capital of 170,214 new ordinary shares with a share value of 23.50 euros each, which increased the work to 4 million eurosmost supported by most shareholders. The incentive for the entry of new capital will allow the club to raise its salary limit and its budget for the period.