Intercity will compete in the RFEF Second Division next season. There is no present risk of administrative relegation due to non-payment. The winner of the third national competition has confirmed that treasury issues responsible for liquidity problems in the final campaign have been resolved. Official statements from the club’s president, Salvador Seagull, assert that player debts are cleared and that monthly payments to staff and workers at the club will be up to date, with payments scheduled between Friday and Monday depending on banking arrangements. The club’s entry order has already been published.
This development ends the looming threat of dropping to the Third RFEF as players press for the wages they are owed through the AFE alliance. Some members of the squad and their associates had gathered during the championship’s final phase to address outstanding payments.
Alcoyano and Intercity pursue promotion in Primera RFEF’s southern group
public relations
Liquidity problems arose from reduced revenue streams and financing challenges as the season began, following a push by one of the federation’s most ambitious groups to assemble a squad with high-paid players. A turning point came with a deal by Alpha Blue Ocean that helped Intercity rebalance its equity and brought in Alexander Sandroni as head coach. This financing arrangement totals 11 million euros, distributed over four years, with roughly three million euros allocated each year. The club believes this fund will cover recurring costs, stabilize treasury operations, ensure player payouts, and enable a stronger budget for upcoming campaigns.
Intercity notes that liquidity stabilization was achieved through the 11-million-euro financing package, which rebalanced the club’s equity position.
Salvador Martí, founder of the technology firm FacePhi among others, has backed this financial operation, stating that it ensures not only the club’s viability and stability in future seasons but also ongoing growth with capital and without accruing debt. The latest management report for Intercity highlighted a loss for the first half of the current fiscal year, placing the club’s net worth at a negative figure reflective of ongoing adjustments.
Ovidio assumes leadership of Intercity from Toni Gallego
Pedro Rojas
Reports released on May 1 indicate that Intercity’s accumulated losses over the past two seasons have reduced SAD’s assets to less than half of its capital. The reasons for dissolution as outlined by applicable laws referenced a technical bankruptcy. Following the financing agreement with the investment fund, the Alicante club is recovering from its precarious financial position and is preparing to meet the June deadline to restore its equity balance and preempt any claims from the AFE.