Alcoyano, the leading club of the first RFEF division, has faced a period shaped by a compressed, short-term financial program. The organization has been weighing capital options to shore up its balance sheet and resume stable, competitive play on the field while navigating the realities of a lean economic environment. This season marks a renewed focus on sustaining the club’s historic footprint in the community and returning to consistent on-pitch performance.
Financial actions and leadership decisions
The club moved decisively at the start of the last August cycle, before the season began, to finalize its playing squad and secure essential funding. A minority stake was sold to inject capital and stabilize the near-term finances. Upon taking the helm a year and a half earlier, the president underscored a strategic objective: to secure majority ownership for the organization within the city, ensuring long-term stewardship and local accountability. This action reflected the club’s need to secure resources quickly to cover operating costs and maintain momentum in the wake of economic pressure.
Publicly disclosed information indicated that the sale of Alcoyano reflected significant challenges toward the end of the previous season. Players endured several months without salaries, complicating commitments to coaches and staff. In this context, pursuing new funding emerged as a necessary measure to safeguard the club’s viability during the short term.
Shareholders and local business figures stepped forward, providing substantial financial support to sustain Alcoyano’s forthcoming revenue streams. The influx enabled the club to acquire a stake that served as a crucial lifeline, allowing the squad to be assembled in time for the new cycle. A priority was the renewal of Vicente Parras, who agreed to a two-season contract to continue as head coach, reinforcing leadership during a delicate period.
Despite the fragile financial climate, Alcoyano remained in existence and even enjoyed a notable upturn on the field, briefly leading the table for a second consecutive day. Under Parras, the team celebrated important away wins at El Collao, becoming a beacon of pride for supporters during a testing spell. The squad and coaching staff stressed a unified mindset within the dressing room, emphasizing accountability for past issues and a clear focus on immediate objectives. Parras remarked that the club understood the financial pressures faced by rival entities and trusted the surrounding network would prevent any setback during this crucial phase.
As the situation evolved, the president signaled a willingness to scrutinize the prior administration’s role in the debt burden. The previous president was identified by some observers as a principal contributor to the current financial gap, with Alcoyano reportedly carrying a debt near one and a half million euros. The resignation in September 2020 included a pact acknowledging outstanding obligations; portions of the debt had already been settled, and partial payments had been completed. The leadership stressed a fresh start and renewed commitment to financial discipline moving forward, aiming to restore stability and confidence among supporters and partners. (Source: Alcoyano communications)
Looking ahead, any potential sale would likely hinge on a division of ownership. A large share could be allocated to key local businessmen, while a portion might remain under the influence of a financier from nearby Elche. The involvement of Miguel Garcia Hita, a local figure whose name has circulated in discussions about the club’s future, highlighted the ongoing negotiations and the high stakes in stabilizing Alcoyano’s long-term ownership structure. This evolving ownership landscape will shape the club’s strategy, including player recruitment, infrastructure investments, and the overall trajectory for the next competitive season. (Source: internal club briefings)