The Association of Small and Medium Shareholders of Espanyol (APMAE) held its Extraordinary Assembly on Tuesday with the re-elected Carles Bosch in command and the very delicate situation Espanyol’s economy in the focus of the debate. The numbers are terrible and possibly nor the potential sale of Joan Garcianor permanence, will stop the significant losses.
The entity plans to close the 2023-24 season with a deficit of 708,000 euros, despite having budgeted income of 14.7 million based on transfers. “The solution is not just for Chen Yansheng to leave, but rather the Espanyol model changes”declared the APMAE, which represents 0.3% of the share capital.
According to the newspaper AS, Espanyol’s operating result in the 2023-24 financial year amounted to negative 16.8 million. Said another way. “The club lost 33 million before selling players. “It is a situation of red alarm, of war economy,” warned the president of the association, who highlighted the negative 13.7 million that result from the exercise (less than 8.8 had been budgeted), and that already represent 67.8 million losses in the last four years alone.
For President Bosch, the management of Rastar In the sporting field it is also more than questionable. “The lack of definition of the Rastar project has been seen in the only incorporation into the property of Álvaro Tejero, the departure without leaving money of Nico Melamed and Braithwaite making a fool of ourselves as a club,” he said. He also criticized the lack of reinforcements and the dependence on seven loaned players. “It is vital to strengthen the team in winter,” he said.
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Furthermore, the president of the APMAE highlighted the comparison with Barça in terms of the youth team. While Espanyol has sold players like Simo and KoleoshoBarcelona has shielded young talents such as Cubarsí and Lamine Yamal. “What market value does the Barça youth team have?” he questioned. Bosch.
