Elche Handball Club presented its regular financial statement for the previous season at the Ordinary General Assembly, sharing a comprehensive overview of economic matters for the 2022-2023 campaign. The gathering took place last night at the Ciutat d’Elx Convention Center, where members reviewed the club’s financial health and strategic direction.
According to sources within the club, the accounts for the last season show a positive shift in the balance sheet, finishing with a surplus of 98,000 euros. The club credited the improved financial position to the professionalization efforts underway and to non-budgetary support received from the Supreme Sports Council (CSD) to help compensate for revenue losses caused by the Covid-19 pandemic. This combination of factors allowed Elche to expand its financial buffer in a year marked by recovering activities and resumed events. See the club’s commentary on the outcomes of the 2022-2023 campaign. [Source: CBM Elche annual report, attribution: CBM Elche executives]
remaining investment
CBM Elche allocated the remaining surplus of 85,360 euros to stabilize the accounts for the 2023-2024 financial year and to balance the overall budget for the current season, which stands at 779,360 euros. This total represents a 14.87 percent increase over the previous year. Notably, 60 percent of the budget is earmarked to cover the costs associated with maintaining a team in the Honor Division, including the efforts of Joaquín Rocamora’s Atticgo BM Elche, underscoring the club’s commitment to competitive levels and sustainability. [Source: CBM Elche financial summary, attribution: CBM Elche leadership]
Financial planning for the women’s first team reflects a focus on long-term viability, with a strategy to generate income through sponsorships and subsidies while pursuing self-sufficiency. Even as the Iberdrola Guerreras League, the Copa de la Reina, and the EHF European Cup demand significant resources, the club notes that expenses and revenues have risen in tandem with the team’s growing sporting profile. [Source: CBM Elche board notes, attribution: CBM Elche communications]
In the coming year, CBM Elche projects sponsorships and subsidies totaling around 535,000 euros. The leadership anticipates maintaining a similar financial trajectory to the previous season, with ticketing contributing to matchday income. The box office revenue has shown a strong upturn, marking a notable increase in attendance and overall engagement. Season-ticket sales are budgeted at about 8,000 euros for the season, well above the 1,640 euros recorded the year before, reflecting growing fan support and participation. [Source: CBM Elche revenue forecast, attribution: CBM Elche management]
Management positions
An extraordinary meeting was convened to formalize the status of board members. The assembly confirmed the incumbents’ roles, with Javier García serving in dual capacities as a board member and vice president, while Vicente Díaz continues as treasurer and director. Changes saw Toni Talens, Gregorio Sánchez, and Ramón Navalón stepping away from their seats on the Club’s Board of Directors. These adjustments aim to align governance with the club’s strategic ambitions and ongoing development initiatives. [Source: CBM Elche governance update, attribution: CBM Elche governance council]
The message of the president
Following the meeting, Juan José Avila, president of CBM Elche, commented on the financial year, stating that it concluded on a solid note. He emphasized that while there is always room for improvement, the foundation is strong and ready to advance. Avila, who has led the club for six seasons since assuming the presidency in September 2018, reiterated the board’s commitment to prudent management and continued growth in both sporting results and community impact. [Source: CBM Elche president remarks, attribution: CBM Elche communications]