She is in a dire financial situation Lavender. The “frogs” are facing big problems, as a result the president, Kiko Catalan, to design the club’s sustainability plan. This states that in the next 3 weeks, until July 31st, the team should have put in their coffers the amount of 35 million euros.
Which means that the Lavender the… sell-out begins, after it “hammers” its best footballers. Already, the team has sold to Valencia Pepelos with the amount of 5 million euroswith the amount reduced to 30 million. However, if the Spaniards fail to find this money, then they will be fatally relegated to the third division.
Of course, there is another parameter to succeed Lavender to continue competing in LaLiga 2 and this is to find an investor who will be able to cover the “hole” of so many millions.
The main problem is that in 24.2 million for staff costs for the 2022-23 season, 22.8 club operating costs are added.
The second group in the ranking of operating expenses does not exceed 17 million, six less than “granota”. Its debt ratio Lavender it is four times higher than that of most clubs in the same normal income range. As “Cadena SER” learned, the company’s long-term liabilities amount to 74 million euros, with a cash deficit of 35 million euros.
The situation is extreme because the Lavender she no longer has assets that are not mortgaged to offer guarantees to a financial institution and allow her to request a bank loan.
Somehow, the injection of 35 million euros should come from the sale of players, but there should also be an increase in share capital. One of the footballers who is under concession is De Frutoswhich employs, among others, Olympic.
?? Noticia @SERDepValencia
?? El @LevanteUD necesita la inyeccion de 30M para no sentir la menace de un descenso administrativo
?? Informe de @LaLiga le advierte que a 31/07 tiene que estar a corriente de pago con jugadores y AEAT https://t.co/Yq9tsQKBlT via @RadioValencia
— SER Deportivos Valencia (@SERDepValencia) July 10, 2023
Source: Sport Fm
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