The capital increase for Intercity CF’s loan compensation of approximately €1.5 million (1,442,549 to be exact) affects players and coaching staff who signed a loan agreement with the first Spanish sports organization to trade months ago. The loan amount to be deducted through this capital increase corresponds to the loans. 1,442,554 Euro issued by the company. More than 300.000 Euros of this amount is paid by Intercity football players and coaches. €0.20 each one.

According to sources from the shareholders of the sports company, this title corresponds to “a part added with promotion to the First RFEF”, which the club offers to the squad as “extra reward and preliminary agreement between the parties”.

EFE reveals that “Access to the list of credits signed by players and coaches on June 15, 2022”. Thus, with a loan of 10,700 Euros to be compensated, Manu Herrera, Robert Bairam, Ivan Kecojevic, Álvaro Pérez, Benja Martínez, Cristian Herrera, Carlos Carmona, Miguel Marí, Juanma Ortiz, Pol Roigé, Leo Ferroni, Víctor Rofino, Borja Viguera, Carlos Carrasco, Víctor Poveda, José García and Martín Bellotti.

Similarly, Intercity’s former captain Aleix Egea, who has joined the club’s managerial staff, has a stake of 21,400 euros, Costa Rican Joel Alemàn has a loan to compensate for 8,293 euros, Argentina’s Enzo Cabrera with 7,242 euros, Panama’s Josiel Núñez with 7,260 euros. . Víctor Villacañas, José Manuel López, Josué Cedrés, David Laguna, Salih Husic and Eric Jiménez take part with 5,350 euros.

Dani Atanes is at Hércules de Alicante with 4,205 Euros and Argentina’s Maximiliano Ribero with 3,937 Euros. For his part, the presence of the coach on the coaching staff Gustavo SivieroWith a stake of 10,700 euros, physical trainer José Tomás Frías and goalkeeping coach Eduardo Almansa, both with 4,000 euros.

In the dated Intercity board report, 17 August 2022It is reflected that these contributions from players and technicians are justified by the signing of the respective loan agreements. In accordance with the terms of the operation, the club and the lenders agreed that the majority of the loan could be reimbursed by the lenders through the issuance, circulation and subscription of a series of SAD shares.

Build financial capacity

The same report, published by both BME Growth and Intercity website, recommending this capital increase to reimburse loans in the Alicante club is framed in “the need to continue to provide the Alicante community with the financial and treasury capacity it will face.” It guarantees and fulfills Intercity’s aspirations and goals, which can be summed up by the fact that the first team is promoted every year until it can compete in the major league”, a professional category according to the board of directors, the club will be economically sustainable.

However, the report in question warns that “if the team does not achieve its objectives, the economic results of the company may be affected both directly by lower revenue and indirectly by lower bargaining power until the time of the Company’s renewal of other types of contractual relationships”, it concludes.