ANDl Valencia Basket approved its budget for the next campaign on Wednesday, which will be 21.8 million euros, as reported by the entity in a statement, which represents about a thirteen percent decrease compared to last season.
The entity held its ordinary general shareholders’ meeting this Wednesday in which 71.76% of the shareholders have been represented and in which a total expense for the past campaign of 25.1 million was approved, compared to 24.87 million budgeted at the previous meeting.
The club already explained at the time that by not playing the men’s team in the Euroleague and going to play the Eurocup, they would adjust the budget, something that has led to a reduction from fourteen to twelve professional chips in the men’s team and from twelve to eleven in the female senior, who finally does not dispute the maximum European competition.
The president Vicente Solá, the general director Paco Raga and the director of management Esteban Gallego have chaired a meeting in which the board of directors, as reported by the club, has transferred “the management that it plans to apply” to consolidate “the model that has driven for the last few seasons. “
The entity has communicated that the budget for this season will be compensated mainly with the contribution of its patrons and maximum shareholders Juan Roig and Hortensia Herrero, which will be complemented with “the income generated through sponsors, ticket offices, and advertising among other concepts. “.
Sources of the entity confirmed to Efe that the contribution of the two patrons will be around fifteen million euros and that the distribution between the senior female and male will basically maintain the percentages of other campaigns. In the past, the initial budget of the women’s team was 1.98 million.
The entity expressed its gratitude “to all the sponsors and very especially to Juan Roig and Hortensia Herrero for their tireless support and effort so that València enjoys a high-level basketball that, in addition, takes care of the roots through L’Alqueria del Basket, an effort that does not stop despite the difficult circumstances that have affected globally in all areas “.