The capital increase tied to Intercity CF’s loan compensation, totaling about €1.5 million (precisely €1,442,549), affects players and coaching staff who signed loan agreements with the first Spanish sports club to trade months ago. The amount to be offset through this capital increase corresponds to loans valued at €1,442,554 issued by the company. More than €300,000 of this sum has been paid by Intercity football players and coaches, with each contributing roughly €0.20.
Shareholders describe this title as a portion added for promotion to the First RFEF, a gesture the club presents to the squad as an extra reward and a preliminary agreement among the involved parties.
News agency EFE notes access to the list of credits signed by players and coaches on June 15, 2022. As a result, a loan of €10,700 is to be compensated, with individuals such as 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 listed among those affected.
Former Intercity captain Aleix Egea, now part of the club’s managerial staff, holds a stake of €21,400. Costa Rican Joel Alemán has a compensation loan of €8,293, Argentina’s Enzo Cabrera €7,242, Panama’s Josiel Núñez €7,260. Others, including Víctor Villacañas, José Manuel López, Josué Cedrés, David Laguna, Salih Husic and Eric Jiménez, participate with €5,350 each.
Dani Atanes is with Hércules de Alicante, holding €4,205, while Argentina’s Maximiliano Ribero has €3,937. The coaching team features Gustavo Siviero with a €10,700 stake, physical trainer José Tomás Frías and goalkeeping coach Eduardo Almansa, each carrying €4,000.
Intercity’s board report dated August 17, 2022, confirms these contributions by players and technicians were justified by the signing of the respective loan agreements. The agreement envisages that the majority of the loans could be reimbursed by lenders through the issuance, circulation, and subscription of a series of SAD shares.
Build financial capacity
The same report, published by BME Growth and the Intercity website, frames this capital increase as a means to reimburse the club’s loans and to sustain the Alicante community’s financial and treasury capacity. It underscores Intercity’s aims, noting that the first team aims to be promoted yearly and to compete in a major league. The board regards this as a step toward long-term economic sustainability.
Nevertheless, the document warns that if the team fails to meet its objectives, the company’s economic results could be affected both directly through lower revenue and indirectly through reduced bargaining power during future contract renewals or new agreements.
Intercity’s leadership emphasizes that the move aligns with the club’s strategy to maintain liquidity, support ongoing operations, and fund progress toward higher competition tiers. The capital increase is presented as a practical measure to preserve fiscal discipline while enabling continued investment in players, staff, facilities, and development projects that support sustainable growth.
Siviero and common sense
Pedro Rojas