World News – USA – Elche will have a budget of 48 million for this season


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Elche CF will have this season with a budget of 48 million euros and closed last year with a profit of more than two million according to the accounts that the Board of Directors this Wednesday during the ordinary and extraordinary general meeting, which took place in the offices of the Martínez Valero stadium at the second request.

When making the appointment, the Council stated that the budget for this year would be 48. 163. 000 euros, thanks mainly to the income from television, while the last year, which ended with a promotion to the first, closed with a profit of two million.

The shareholders present also unanimously approved the opportunity to financially reward the directors for carrying out their management work in the company, of which the Argentine businessman Christian Bragarnik is the majority shareholder with 98% of the shares.

The Argentine imprisoned by COVID-19 was absent from the meeting attended by the five members of the corporate council, including President Joaquín Buitrago and General Manager Patricia Rodríguez.

The approval of the financial statements, the management report and the proposal for the application of the results of the annual exercise 2019-2020 as well as the management of the Board of Directors last year were carried out alongside the appointment of the company’s auditors. Moose.

After the meeting, the President of Elche gave the club’s official media a « very positive » rating of the year. He recalled that in addition to the sporting success of the promotion, “things have developed quite well economically. « We left the club very healthy and approved the accounts and the management report with a large majority, » he added.

Elche CF, Real Madrid C. . F.. .

World News – USA – Elche will have a budget of 48 million for this season
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Elche will have a budget of 48 million Millions for this season


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