The threat of recession squared by Espanyol

Restless about the positive cases of COVID-19 within the workforce, Espanyol has several open fronts in the offices. The first one goes through a eventual decline, which would drastically reduce revenue for the upcoming season. The second, for a also cut the expected inflow of money in case LaLiga does not resume. And to top it off, even if it only affects tangentially, Rastar Group shares plummet.

If finally the remaining 11 days of this season are not disputed, more than a quarter of the competition, it is calculated in Espanyol that 25 to 30 percent of expected revenue could be lost. Given that the club had budgeted to receive 64.27 million for television rights and 14.77 in the section of advertising, tickets, subscriptions and commercial, they would stop entering around 20 million in that assumption.

Spanish Shield / Flag

A greater detail just in the season in which Espanyol has made the biggest waste in its history in transfers, with an investment of 59 million euros (although in summer, the income of 40.5 was assured), and in which it has also assumed a record cost in the workforce, with 80 million destined to wages.

20 percent less so far in 2020

To all this is added glancing Rastar Group's crash on the Shenzhen Stock Exchange, China, the business conglomerate that owns the club's property. The value of the shares has fallen by 20 percent so far only in 2020, with a single ephemeral promotion on January 7, after the goal of Wu Lei at Espanyol-Barcelona.

And the collapse cannot be attributed to the economic effects of the Covid-19 since the parquet in that period does not register losses. In fact, In the last 365 days, while Rastar's price has dropped a sharp 35.34 percent, Shenzhen has even risen, specifically a timid 0.79 percent.

And to top it off, At the close of the session last Wednesday, Rastar shares were trading at 4.03 yuan renminbi, which is their lowest value since they fell to 3.83 on February 22, 2019.. Something that the club should not accuse in the short term, but the pocket of its president, Chen Yansheng, who, after all, as it is said in popular slang, is the one who pays for the party.