She is Levant Ha reduced in little more than Twelve million of euros its financial debt, which remains today 101.4 million June 30, 2024, and presents some 12.9 million losses During the year 23-24, according to the information offered Thursday by the Valencian entity on its Shareholders.
Levant’s short -term debt is reduced to something more than just 17 million euros, Since the club achieved 8.7 million of Euros, as well as other commercial creditors, which the debt has been reduced by nearly 9 million euros, according to information offered by the club.
The Levante Reduced your income In exercise 23-24 to at 21.5 Millions less than the 22-23 seasons, where the Valencian Club has the help of descent, worth 19 million. In addition, the club is budgeting to enter 18.4 million in sale of soccer players and the final value costs 12.9.
The Valencian Club, however, was achieved Reduce your costs From June 30, 2023 to one year later 15 million euros. In that figure, only more than eight million matches spending on the template of 23-24 periods cheaper than last year.
The Levante, that is Reduced your staff to 135 employees From 2023 to 2024 and in recent weeks it has fired a twice of workers, it plans to maintain a cost reduction plan and increase revenue and its priority is to make current costs, such as payrolls, until June 30.
One possible Climbing In the first division has softened The Levante’s battered economy, which in recent months has been supported by the CEO, Pepe Danvila, who contributed nearly 20 million euros, has been investing in society, where the club has returned 1.4, and is capable of sharing another 6 million euro.
Danvila, in fact, is the Levante’s highest shareholder By 37 percent of the shares, while the Levante Foundation remained at 34 percent of the titles and the rest were distributed to small shareholders, according to resources from the Valencian Club.
However, Levante, who announced on Thursday that he was celebrating the Ordinary general meeting of shareholders to the next April 16th, You need to strengthen your capital and for this reason you are looking for different financial formulas to improve your economy. He also talks to his creditors the possibility of capitalizing part of his debt.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
