The CEO of Levante, Pepe Danvilaentered the club’s accounts the first ten million of euros he announced to meet the needs of treasuryas reported by the entity in a statement.
The club announced the affidavit where the transfer was certified from an account of the company ‘Bizas Trading Company, SL’, represented by Danvila, in Levante “in respect of First payment”.
Levante’s board of directors is now working “intensely” to prepare a feasibility plan of 3 to 5 years and the loan was initially agreed between the Foundation and Danvila of ten million will expand to 20 million of euros.
However, Danvila explained the need to extend the signing of the contract with the Foundation until November 30 and until that date the “club treasury needs” including the policy covered by the CEO.
Source: La Verdad
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