The General Shareholders' Meeting of Real Sporting de Gijón approved on Thursday a capital increase of more than 23 million euros, a key operation for the club's economic sustainability.
The Extraordinary General Shareholders' Meeting of Real Sporting de Gijón has given the green light on Thursday to the proposal for a capital increase of more than 23 million euros, as reported by the club. The operation, announced a month ago by the red-and-white entity, aims to strengthen the economic structure of the Asturian team.
The initiative driven by Orlegi Sports, the club's owner, is part of the plan to ensure the economic sustainability of Sporting and lay the foundations for sustained growth in the short, medium, and long term. With this capital injection, the club will have a greater budget margin to face sporting and financial challenges.
The capital increase has been structured in two clearly differentiated phases. On one hand, 12.3 million euros will be allocated to debt conversion and compensation for credits from previous seasons. On the other hand, 11 million euros will be injected directly into the sports project, allowing for an increase in the salary cap and improving the manoeuvrability in the transfer market.
This operation represents significant support for Sporting's sports project, which competes in LaLiga Hypermotion. The increase in the salary cap will facilitate the signing of new players and the renewal of current ones, in a context of maximum competition for promotion to the First Division.
In addition to the capital increase, the Board of Directors has approved changes. Santiago Hevia Fronza has been appointed second vice president of the club, replacing Martin Hollaender, who is stepping down.
With this move, the Board of Directors of Real Sporting de Gijón is composed of Alejandro Irarragorri Gutiérrez as president, Alfonso Villalva Peniche as first vice president, and Santiago Hevia Fronza as second vice president. The new configuration strengthens Orlegi Sports' presence in the club's management.
For fans and supporters of Sporting, the capital increase is positive news that clears uncertainties about the club's economic viability. The conversion of debt reduces the financial burden from previous years, while the injection of fresh funds opens the door to a more ambitious sports planning.
The club expects the funds to be available in the coming weeks, once the administrative procedures are completed. The sports management is already working on assembling the squad for the next season, with the aim of fighting for promotion.
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