Intercity wants three million to avoid liquidation

According to this report, released May 1, Intercity’s accumulated losses over the past two seasons have reduced SAD’s assets to less than half of the capital, “which is one of the reasons for the planned liquidation in commercial law.

Given this, Intercity management has prepared a treasury plan for the next twelve months cash needs of around 5 million euros are estimated, of which two million will be met by the financing operation, which has already been closed Alpha Blue Ocean backgroundThe remaining three million euros to date reflects the management report.

In order to resolve the financial imbalance, Intercity’s board of directors, which also includes former international football player Juanfran Torres, Negotiations with various investors who will become the new shareholder of the company.

The report concludes that the completion of the aforementioned deals will make it possible to resolve this complex financial situation and meet the financial needs of the current and upcoming sports season, regardless of which category the Intercity first team plays in.

Nevertheless, There is calm in the Alicante club and it is clear that it will solve the economic needs without any problems.. Intercity sources clarified the situation: «The audit is on 31.12.2022. The accounting picture is the picture of the initial model, in which investments that close equity imbalances appear later with a capital increase.. It also does not yet take into account the extraordinary income from Barça and the Cup, for example. As seen at the end of the audit, there are financing signed with ASG and other planned investments in progress that we are sure will be closed and executed.

He also confirms the club’s position: “The share has increased by more than 25% after publication, which means this is positive news, better than the market expected.”

Intercity is not interested in the results of the report and are currently putting all their senses into the fight to save the team from relegation with four games left of the regular season in First RFEF.

stock not responding

As for the stock market, the Alicante club is experiencing an almost continuous decline in value. The stocks did not look up as the price reached maximums as soon as they started to be listed and slightly exceeded 2 euros (2.20). Since then, the company has suffered a sustained decline in value until each share was worth €0.17, depreciating about 85 percent. Intercity leaders were convinced that a promotion to professional football would completely change the stock market scenario, but the club did not work on the pitch, and despite efforts to prepare for the summer, the team remained. all season in low places.

Tranquility transferred from CF Intercity both the audit report calls for a job well done for the business to be listed on the Stock Exchange and for the action to reflect the true value of the club in the medium term.