The Eibar shareholders' meeting will be held electronically

The ordinary general meeting of shareholders of Eibar will be held on Thursday, December 3 from 7:00 p.m. The meeting of the owners of the Guipuzcoan First Division club will be for the first time telematic, without the physical assistance of people, due to the restrictions established by the state of alarm decreed by the coronavirus. The Eibarresa entity will make available to shareholders different ways to exercise their right to vote, as reported on Sunday on its website.

The Eibar board will present to its shareholders for approval the annual accounts for the 2019-2020 season with a profit of 12 million euros, and the budget for the 2020-2021 campaign that exceeds 53 million euros. The non-financial information statements will also be submitted for approval. Also, at the end there will be a section for 'questions and queries'.

The more than 11,000 shareholders from 69 countries of the Barça club can now consult in the 'SHAREHOLDERS' section of the website (www.sdeibar.com) the call for the meeting, the annual accounts, and the non-financial information statements. In the coming days, you will be able to consult and download the attendance or proxy card, as well as the instructions for telematic voting.

The entity has been providing the digital voting option since the 2018 ordinary general meeting of shareholders. it will allow early voting in person at the Ipurua offices. Voting online (online) can be done from November 24 to 29, lRegistration at the meeting from November 24 to December 2 (until 12 noon), while voting by ordinary mail or in person in Ipurua can be done until Sunday, November 29.

The meeting that annually gathers the owners of the Sociedad Deportiva Eibar Sociedad Anónima It will take place at the club's registered office, at Ipurua Kalea 2 (Ipurua street 2), in the city of Eibarresa on December 3 on second call (The first will be the day before at the same time and in the same place). Since the Catalans ascended to the highest category, the ordinary shareholders' meeting had been held at the Coliseo Theater, but due to COVID-19, attendance can only be carried out by telematic means (remotely and using computer and internet means), counting only with the presence of the members of the board of directors, the notary who will draw up the minutes of the meeting, and the essential support staff.

The board of directors “deeply regrets that this meeting, so relevant to all of us and in which we have the opportunity to meet and share our interests in SD Eibar, cannot be held in person. But this time the health of all shareholders It must prevail over other considerations and that is why it has been agreed to make this decision and hold the meeting by telematic means. “

The board will clarify any doubts in two email addresses: (junta2020@sdeibar.com) and (2020batzarra@sdeibar.com), at the phone number: (+34) 943 20 18 31, and in person at the club offices in Ipurua.

Profit of 12 million despite the economic crisis due to the coronavirus

Eibar obtained a surplus (before taxes) of 12 million euros in the 2019-2020 season (a profit of 20 million was expected), As of June 30, which is when the fiscal year of last campaign was closed, which was marked by the coronavirus, which caused a decrease in income from partners, ticket sales and advertising. Sportingly, the First Division competition, which was stopped for three months (from March to June 2020) by COVID-19, resumed in June and lasted until mid-July. For this reason, the accounts for the 2019-2020 financial year do not include income (8 million from television rights, sponsors and advertising) and expenses (premiums paid to footballers) generated from July 1, which will be included in the budget for the 2020-2021 season.

In the 2019-2020 campaign, operating income exceeded 47 million, 5 million less than budgeted (52 million). The sale of four footballers in the summer of 2019, Joan Jordán (14 million), Rubén Peña (8 million), Marc Cucurella (bought from Barcelona for 2 million, which later bought him back for 4 million), and Pablo Hervías (1 million) , generated extraordinary income of 25 million, although only 18 million have been accounted for in the 2019-2020 budget and the rest of the money will be entered in the accounts for the 2020-2021 season. In this way, total revenues exceeded 66 million in the 2019-2020 campaign. As expenses passed 53 million, last year's profit before taxes was 12 million.

Budget of 53 million for the 2020-2021 season

For the 2020-2021 season, the spending budget will be 53 million. The anticipated income is 58 million (53 million coming from television broadcasting income), for which a profit (before taxes) of 5 million euros is expected.