Alcoyano Begins Sale Process Amid Financial Pressures and Leadership Changes

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Alcoyano began a sale process after interest from two funds seeking to take over the majority stake and control of the club, according to sources close to SAD’s board.

Sources consulted by EFE confirmed that one fund is domestic and the other international. The club was contacted to initiate a buyout offer. Board insiders explained that the club is in the process of compiling figures and assessing the proposals. (Source: EFE)

The same sources stressed that Alcoyano’s viability in the First RFEF hinges on the cash flow necessary to secure the club’s economic future. The club is viewed as attractive within a compelling category and is believed to hold potential for a strong project at the national level. (Source: internal discussions)

At present, the club faces significant pressure. It risks being unable to enroll for three months without the expected income, and it must cover the financial demands of competing in the First RFEF, including payments carried over from the previous season. (Source: club financial briefings)

The Alcoy community’s involvement is expected to help address debt and enable planning for the upcoming season. (Source: community statements)

Additionally, concerns stem from mismanagement during Juan Serrano’s twelve-year tenure, which ended with a reported deficit of one million euros. The current board has highlighted indebtedness of 150,000 euros under a debt-acceptance framework. (Source: board disclosures)

Currently, Alcoyano is an SAD controlled by interests in Alcoy. Fifty-one percent of the capital is held by local businessmen and families, while forty-nine percent remains in the hands of a businessman from Elche, with Miguel Garcia Hita noted in association with the ownership structure. (Source: ownership records)

José Juan terminates his contract and will end his career at Torrellano. The goalkeeper, who turns 43 in December, will finish his sports career in Torrellano, a team competing in Tercera RFEF. He publicly announced his departure from Deportivo on his social media, saying that he would have loved to finish his career at the club that brought him happiness over three years, but that today he must say goodbye. He thanked his teammates, the technical staff, and Deportivo fans, wishing success ahead. Shortly after, he revealed his move to Elche to provide experience, commitment, and security in the goal for the white and purple team. The Galicia-born goalkeeper had previously featured for Real Madrid two years earlier at El Collao and played a pivotal role in a King’s Cup elimination. (Source: player statements, club announcements)

One of his main contributions as Alcoyano took over in January 2021 was to avert the business from falling into the hands of a majority shareholder other than Alcoy. (Source: club history)

Before the two funds expressed interest in acquiring Alcoyano, the club had received other buyout offers, which were rejected with the backing of the majority shareholder. Alcoy businesspeople were cited as supporting the decision. (Source: historical records)

Nevertheless, the level of economic demand is driving a reconsideration of the asset’s future. (Source: internal assessment)

According to the same sources, the club’s solution is to pass into the hands of a powerful investor. It is not the preferred option, but there is a sense that a limit must be respected. The current view is that timely action can strengthen the club and enable a solid project that delivers long-term dreams. The organization believes a prudent choice will secure the institution’s future. (Source: strategic review)

Alcoyano chairman excludes club relegation due to non-payment

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