“In June, La Liga considered the idea of joint financing and acted as a link between the clubs and a financial institution. The loans are individualized and were offered to all clubs. Some of us have opted for this route, which was closed in October and signed in November ”, explained Javier Fernández, who also indicated that it has an interest of around four percent per year.
The president of Sporting, in a Shareholders’ Meeting held at the Luis Adaro fairgrounds –barely two and a half hours long– in which only a dozen people participated, also wanted to make it clear that the rojiblanco club will allow the return of the fans of El Molinón as soon as possible. “Football without fans is not football. We have been among the first to develop our particular protocol, we will be the first when the authorities allow it for the return of the public, ”Fernández stressed.. “The means are set to return little by little to normal, so that the return is a safe environment for fans and families,” he stressed.
Sporting approved their accounts, marked by the pandemic, with 99.89% support. Javier Fernández acknowledged that in March, just before the pandemic began, they had a forecast of increasing the benefits of the 2019-2020 season by 480,000 euros more than the 646,000 euros that had been budgeted. The effect of the covid caused that the benefit was finally of only 46,000 euros, after agreeing a salary reduction last year with the staff to achieve that balance.
The leader also indicated that the cost of the current staff is 764,000 euros less compared to last season. And he crossed out the annual cost of the Dizziness Soccer School at three million euros. “It is an important figure for a budget of First, but more for Second, and in a budget marked by the covid it confirms the importance that we give to the quarry,” he stressed. Regarding the pandemic, during his initial presentation, Fernández estimated the impact on Sporting at 750,000 euros.
With the respite provided by the credit agreement, which serves to alleviate the gap of 3.8 million budget as losses for this course, Javier Fernández declared that they do not plan to weaken the sports field: “We are not going to undersell in a devalued market. There may be departures of players who are not essential, but it will not be any of them that we consider essential ”. And he added about the winter market: “If there are no exits, there will be no entries.”
Another of the points addressed was the request of the fans that the money that will have to be returned at the end of the season of the proportional part of the season tickets for not being able to go to El Molinón be exchanged for shares. “Their position within the entity would continue to be the majority. And in 2008 a debt was swapped for shares, “said Diego del Valle, from” Your faith never falls, “an idea that Unipes also supported. The response of the club, through its president, was clear: “I do not value a capital increase, we have made cost reductions and we are looking for financing, it was the simplest solution.”
Arbitrations
Javier Fernández, at the end of the Meeting, referred to Sporting’s discomfort with the arbitrations, after the penalty that was whistled against him against Leganés last Monday: “The VAR is not giving the expected results. Its foray was hasty and it currently does not have the transparency that is expected. That there is a human error, and that there is no correct application of the VAR, is something that we do not understand. It has not been fair to us.
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