Quico Catalan presented to the shareholders of the Levante the first losses in his 12 years at the head of the club’s management. 23.2 million corresponding to fiscal year 2020-21. “We deeply regret this result, it is not our own since our arrival at the club,” said the president, apologizing for the management and blaming the numbers on the appearance of the pandemic.
“In 2019 we presented ourselves with a surplus and presented a new scenario, a change, a new management strategy that helps us consolidate the team in Primera, and propose a revaluation of our assets.” The proposed change strategy, which involved the sale of footballers after revaluing those assets in the club itself, in the words of the president, was ruined by the effects of COVID. “Three months after that Board, our way of relating, our habits … ultimately our life changed. The markets disappeared,” he added.
Precisely Losses of more than 23 million correspond to the inability to sell the 16.5 million euros stipulated in the accounts to close the year with a surplus. Today, precisely, a budget was submitted with a slight profit (89,000 euros) after taxes in 2021-22 subject, among other things, to transferring players for 10.5 million before June 30, 2022. The problem is the same one year later.
Nevertheless, Catalan asked for support for his 12 years of management and unity in the face of the sports crisis, with the decline threatening the entity. These were his words: “We will defend what is a treasure for us, to be in the First Division, something that we have only achieved 15 years of our history, 12 seasons in recent years.. The new generations do not contemplate another scenario. For them, the little ones, for the older ones, for those who fought for this club, we will fight to the end “.
“With all my heart, I ask you for this union. Our players are our true weapons to achieve this. To help them is to help the Levante, to our feeling, to our history. We are not going to throw in the towel. There are 60 points left, and they will have to kill us so that someone does not count on Levante in the First Division next year “.