Elche Handball Club increased its budget by 15%

According to sources from the Elche club, there has been a development in the accounts for last season. excess finished 98,000 euros“Thanks to the professionalization of the club and the non-budgetary supports received from the Supreme Sports Council (CSD) to compensate for the lack of income caused by the Covid-19 pandemic, there were two issues that allowed us to grow the balance sheet in a positive direction,” CBM Elche emphasized.

remaining investment

CBM Elche allocated the remainder of the surplus 85,360 euros to balance accounts Balancing the 2023-2024 financial year and balancing the total budget for the current campaign, set at 779,360 Euros; increased by 14.87% compared to the previous one. It is also worth noting that 60% of the total budget is allocated to cover the costs of having a team in the Honor Division, such as Joaquín Rocamora’s Atticgo BM Elche.

Financial amount allocated to the first major women’s team, her own incomesubsidies and sponsorshipsproducing and transforming self sufficient; Despite the high cost of competing in the Iberdrola Guerreras League, Copa de la Reina and EHF European Cup, expenses as well as income have been increasing exponentially in recent seasons in parallel with the sporting growth of the team.

sponsorships and subsidies CBM Elche’s receivables during the next financial year half a million euros (535,000 Euros) and we will draw a similar line to last season. The social and sporting development of Joaquín Rocamora’s team has meant that box office revenue has tripled compared to last season, reaching 9,779 euros, thanks to attendance at matches; The sale of season tickets is budgeted at 8,000 euros this season, well above the 1,640 euros received last year.

Management positions

Additionally, an extraordinary meeting was held to formalize the status of the Board members. The law represented the endorsement of incumbents Javier García and Vicente Díaz. The former ranges from being a member to serving as vice president and treasurer of CBM Elche, while the latter is registered as a director. Toni Talens, Gregorio Sánchez and Ramón Navalón left their positions as members of the Club’s Board of Directors.

The message of the president

Juan José Avila, president of CBM Elche, noted after the celebration of the meetings. “It was a good season economically. The foundation can always be improved, but we are ready to make it happen”stated the senior leader of the Franjiverde entity, who is in his sixth season at the helm of CBM Elche since being elected president to replace Juan Antonio Asencio ‘Maier in September 2018.