They put money in it! Grupo Pachuca increases the capital of Real Oviedo by 3.7 million euros

Oviedo, Spain.- The new maximum shareholder of Real Oviedo, the Pachuca Group Mexican, will put into circulation 344,112 new shares of the club, which represents a capital increase of almost 3.7 million euros in which there will be a preferential subscription right for the current shareholders, among which the Carso Group remains.

The share capital increase, advanced days ago by the largest shareholder Jesus Martinezwas just waiting to specify the figure with which it was going to start up and this will finally be 3,699,204 euros, which means the creation of 344,112 new registered shares.

“I did not have the capital increase in mind, I only thought of paying engineer Slim for his package of shares, but yes, one is needed and we are going to do it. We will throw numbers these days and before the league starts, we will know the number, “he said Martínez in an interview granted to EFE a few days ago.

Actions from a Real Oviedo match during the preseason/@RealOviedo

The current shareholders –Pachuca acquired 51% of the club and Carso maintains another 20% of it- they will have preferential subscription rights “and in proportion to the nominal value they possess”, for which they will be able to withdraw one new share for every 5.9 they currently possess. If both Mexican groups attend the expansion as expected, they could cover 71% of it in its first phase, thus providing the entity with 2.6 million more.

Of that amount, and given that the Oviedo belongs to Group B in the financial canons of La Liga, 65% could be used to increase salary mass -money destined to finance the workforce-, which represents an increase in that parcel of 1.7 to be distributed between this and the next campaign if is desired.

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With this operation, approved by the board of directors last Friday, August 5, the club will resolve in time the problem of the salary ceiling, exceeded with the latest additions and whose adjustment is necessary to be able to register the players in the competition.

He has a degree in Communication Sciences from the Universidad de Occidente, Guasave Unit, specializing in Media. In his career as a journalist he has carried out works focused on the agricultural, fishing, health, economic sectors, among others. In 2016 he joined EL DEBATE, where he worked as a local reporter in Guasave, where he also covered the news, sports and police sections. Since 2017 he entered the digital area as a reporter for the EL DEBATE newspaper portal at www.debate.com.mx specializing in the Sports section. In addition to studying and passing the “Sports Journalism Workshop” at the University of Guadalajara in its Virtual University system. [email protected]

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