Money from top shareholders to sign up players

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The Real Betis conclude an agreement with The league passing through the direct contribution of some €6.5 million (around 5% of the annual budget) of the club’s top shareholders – the largest being the president Angel Haro and the vice president Jose Miguel Lopez Catalan– which will allow almost all players to register before the third day, where Osasuna will visit Benito Villamarín on Friday, September 25, according to Abc.

The Real Betisafter the transfer of Bartra at Trabzonspor, which issued 7.5 million euros of the wage bill, still has a space of about 18 million euros in the limitthat cannot be paid for the capital gains from the transfers of the players, due to the failure of the forecasts in this regard -it is calculated to enter 30 million for that concept-, because the offers expected by the footballers of the squad is not received and does not wish to undersell or dismantle it.

These amounts of direct contribution from the highest shareholder -at the moment the most viable solution to register the players- open the stage to propose a capital increase, although that is something that needs to be discussed at the next meeting of the entity’s shareholders.

The possibility of activating a lever for the sale of a percentage of subscription and ticketing rights of future campaigns requires some preliminary steps that are difficult to apply in the very little time left, because it is necessary to create of an SPV (vehicle company) and Obtain the opinion of the entity’s auditors.

Source: La Verdad

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