Intercity’s Financial Report and Strategic Plans Amid Interim Losses
The latest Intercity management report, released in May, shows that the Alicante club recorded a loss of 2,798,286 euros in the first half of the current financial year. This deficit leaves the company with a negative net worth of 4,891,042 euros.
The report indicates that accumulated losses over the past two seasons have reduced SAD’s assets to less than half of its capital. This situation is cited as one reason behind the contemplated liquidation under commercial law.
A treasury plan has been prepared for the next twelve months, estimating cash needs around 5 million euros. Of this total, two million euros would come from a financing operation already closed, backed by Alpha Blue Ocean. The remaining three million euros are described as the balance reflected in the management report.
To address the financial imbalance, Intercity’s board, which includes former international footballer Juanfran Torres, is negotiating with several investors who may become new shareholders of the company.
The report concludes that completing these deals will enable the club to stabilize its finances and meet the money required for the current and upcoming sports season, regardless of the first team’s category. There is confidence within the Alicante club that the financial needs will be met without issue. Officials clarified that the audit dated 31.12.2022 reflects the initial model, with later capital increases expected to close related equity gaps. It also notes that extraordinary income from outcomes such as Barça and cup competitions is not yet included. Financing agreements with ASG and other planned investments are in progress and are expected to be finalized.
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The club also confirms a positive share reaction, noting that the stock has risen by more than 25% since the publication of the report, a level that exceeded market expectations.
Intercity emphasizes that results from the report are not the focus right now. The priority is preserving the team from relegation as four regular season games remain in the First RFEF. Stock market data shows a challenging period for the Alicante club, with a rapid rise to a peak around two euros followed by a sustained decline. Shares have fallen from a peak above two euros to around 0.17 euros, an 85 percent drop. The leadership believed promotion to professional football would transform the stock outlook, but on-field performance did not deliver, leaving the team fighting to climb higher in the standings.
Industry insiders note that the audit calls for careful execution to ensure the business remains listed and that the share value reflects the club’s medium-term potential. The focus remains on implementing planned investments and securing the necessary capital as the club advances through the season.
In summary, Intercity continues to push ahead with fundraising and strategic planning while aligning financial efforts with sporting objectives. The management team stresses disciplined execution of the audit recommendations and timely completion of the signed financing arrangements to support both the current season and future growth.