Racing Santander is changing ownership

The society pitma ceased to appear as a majority shareholder of Santander Racing. This Tuesday the business group was informed all his stake in the club has been sold in a society created by the Argentine businessman and mathematician sebastian ceria and the former racinguista president Manolo Higuera.

Through this divestment process, the Cantabrian business group transferred all its shares in the club, 74 percent of the totalin Sebman Sports Internationalthat will be the largest shareholderas reported by the company of Alfredo Pérez and Pedro Ortiz, president and vice president of Racing.

The operation was closed after “several weeks” of negotiations under the financial advice of Santander Corporate & Investment Banking, and legal advice from Cuatrecasas. This transaction will serve to “facilitate the development of the club” therein second consecutive year in the Second Divisionaffirm from Pitma, which sells its share “as soon as financial stability is achieved” of this sports company with 110 years of history.

Alfredo Perez and Peter Ortizwhich has run Real Racing Club since June 2018, said in a statement that with this decision “they have completed a cycle at the head of the sports club they joined with the aim of safeguarding their continuity in the social, economic and sports ecosystem “.

Manolo Higueraa lawyer and former president of the club, explained in a statement sent by his office that “no other person, company or investment fund” is involved in this operation except himself and Sebastián Ceria and that the sale is pending only permission from sports institutions to “raise the agreement with the public”.

“As soon as the government’s approval is received, which we hope will be soon, we will present our project for Racing to racing fans and to Cantabria in general,” said Higuera, who advanced “that this is not an idea -imaginary operation, but a plan designed to provide long-term institutional stability to the entity”. The “all ends” of the operation and the future plans proposed by this new shareholding group to make Karera “more solid” will be made public shortly.

PhD in Applied Mathematics from Carnegie Mellon University, sebastian ceriawho also has Spanish nationality, is CEO of a technology-based company called Qontigo and former director of Axioma, a company he founded and has led since 1998. Before becoming an entrepreneur, he was a professor at Columbia Business School and has written numerous articles in industry and academic journals, as well as being a member of the US National Academy of Engineering.