MADRID, 22 Jun. (EUROPA PRESS) –
CF Intercity SAD, a RFEF Primera team, has signed a financing agreement with the investment fund Alpha Blue Ocean for 11 million euros that provides the entity with “stability” and “muscle and economic solvency” to “cope with recurring and treasury expenses, ensure payments and obtain a competitive budget for the coming seasons,” according to a statement issued this Thursday.
The agreement demonstrates the “confidence” of investors in the club’s project, which went public in October 2021, and its plans for the future. In addition, it allows the entity to continue “its development” and obtain “great economic stability in the medium and long term”, to “be able to reach professional football one day.”
“The operation will promote the completion of the infrastructures provided for in the development plan, the conclusion of its own training camps, and will provide the necessary stability to undertake new business plans,” he added.
The president of Intercity, Salvador Martí, personally endorsed the operation, which “guarantees not only the viability and stability of the club, but also the continued growth with capital and without indebtedness to face the challenges that lie ahead in the coming seasons.”
The financing operation is 11 million euros, divided into 3 million per season and with a duration of 48 months. The operation allows the club “to face recurring and treasury expenses, ensure payments and obtain a competitive budget for the coming seasons.” “With this agreement we provide the club with muscle and economic solvency to face the challenges that lie ahead in the coming seasons,” concluded Martí.