Capital Albinegro, a group that held shareholder control until last July, resumed its public profile as the organization behind major changes at Castellón. Reports indicate that La Plana company emerged as one of the investors signaling a readiness to acquire a controlling stake in SAD. At present, approximately 51% of Deportivo’s stock is on the market, with ownership concentrated among Alcoy businessmen and local families who have long influenced the club’s direction.
The Castellón project has a history of returning to a state of majority influence under the leadership of Capital Albinegro, coordinated by Vincent Montesinos and a group of partners that included former Albinegros players Ángel Dealbert and Pablo Hernández. Their intervention marked a notable revival of the club in 2015 and again in 2019 after strategic movements to consolidate ownership with José Miguel Garrido at the helm of the deals. This pattern of ownership shifts has shaped the club’s trajectory for more than half a decade, reflecting the intertwined interests of local business leaders and football executives.
In recent months, the agreement with a Canadian investor group triggered a structural shift. The sale of shares to this group, finalised for a sum around two and a half million euros, effectively ended Capital Albinegro’s majority control. The period under this group’s management saw Castellón broaden its social audience, expanding the fan base to around 13,000 subscribers and reinforcing the club’s regional footprint.
The Alcoyano family-backed majority shareholder has framed the 51% stake sale as a potential “growth opportunity” for the club. The blue and white entity continues to preside over the SAD despite a year marked by financial strain within the club’s economic division. Sources close to the SAD’s governing body report that cash shortages and mounting debts from preceding years have led to delays in payments to staff, the technical team, and employees. This pressure underscores the urgent need for a sustainable financial plan and strategic governance in the near term.
As described by the same sources, the club faces an economic threshold typical of teams competing in higher levels of the league system. It is clear that the financial model needs revision to ensure stability, with stakeholders reflecting on the best path forward for the club’s competitive future. While sale remains a viable option, the board emphasizes a careful approach, weighing immediate liquidity against long-term viability and community support. The overarching message from leadership stresses the importance of securing the club’s continuity and its ability to compete in its current league while exploring prudent investment and governance structures.
The situation at Alcoyano illustrates the broader dynamics that come with mid-tier football clubs in Spain. Ownership groups, local investors, and strategic partners continually recalibrate to balance sporting ambition with financial reality. In this environment, the potential sale of a controlling stake is not merely a transaction; it is a pivotal decision that shapes the club’s strategy, fan engagement, and regional identity for years to come. The discussions underway reflect a pragmatic approach to unlocking growth while preserving the club’s heritage and its role in the local community.
Alcoyano’s leadership remains focused on navigating the current fiscal landscape, seeking a path that preserves competitiveness, respects the club’s culture, and secures clear accountability for all financial commitments. The process of evaluating offers and weighing strategic options is ongoing, with stakeholders watching closely how the balance between liquidity and long-term sustainability will unfold. The ultimate objective is to position the club for stable operation and continued progress on the field, while maintaining close ties with supporters and the broader Alcoy region.
The club has also concluded its preseason with a draw and has advanced in the RFEF Cup, signaling that sporting performance continues to be a core priority even as financial considerations are addressed behind the scenes. This dual focus on performance and governance reflects the complex reality facing Alcoyano as it moves forward in a competitive landscape that demands both on-pitch success and prudent management.