Elche faced a pivotal year after a long journey
Elche CF announced this Monday the date of the shareholders’ meeting to review comprehensive accounts for the 2022-2023 season. The gathering is planned for December, marking a notable moment four years after Christian Bragarnik acquired the majority stake from Tenama Inversiones through Score Club 2019, a property connected to the former club president Jose Sepulcre and Antonio Rocamora.
Elche climbed from difficulties to a higher stage
Since that turning point, Elche earned promotion to the First Division and then maintained a presence in Spain’s top flight. Throughout these campaigns, the club posted positive figures and improving outcomes. A surplus of 13 million euros was reported for the 2020-2021 season, with the following two years showing around three million. The latest year is awaited to see how the team fared in the Second Division after a relegation transition.
Elche closed the year with a profit of 13 million
Earlier this week the club released a note stating that the board of directors approved calls for an ordinary general assembly and an extraordinary meeting to be held at the Martínez Valero stadium. The schedule places the event on Thursday, December 28, a date that coincides with the festive season, adding a symbolic touch to the proceedings.
The majority owner’s team remains a topic of interest among fans and observers. After a period away from the country, Bragarnik returned last week and was seen at the recent match against Amorebieta, an appearance that underscored his ongoing involvement with the club and its supporters. (Club communications)
Bragarnik is back and talking about Illicitan aromas of Elche
The upcoming agenda includes a clear sequence of items designed to evaluate and approve the financial year ending June 30, 2023, the Management Report, and the results for 2022-2023. The board will also review its management during that same period and address governance matters that may include auditor appointments or re-elections.
Additional items cover the possible dismissal or appointment of directors and the approval of executive fees. Shareholders will have the chance to pose questions and request clarifications. From Monday, as the call becomes public, all stakeholders can review the documentation submitted by the board at the club’s registered offices located at the Martínez Valero stadium. The process emphasizes transparency and stakeholder engagement as the season closes its chapters. (Club communications)