Betis Board Gets Massive Vote of Confidence as Shareholders Back Haro's Vision
Real Betis shareholders show overwhelming support for the current administration with positive financial results for third consecutive season despite debt challenges.
The current Real Betis board, led by Ángel Haro and José Miguel López Catalán, received resounding backing from shareholders at Tuesday’s Annual General Meeting, with all agenda items approved by massive majorities.
Financial Picture Shows Promise and Challenges
Meeting at Seville’s Hotel Barceló Renacimiento, near their temporary La Cartuja home, shareholders reviewed the 2024-25 accounts that paint an interesting financial picture:
- Profit before tax: €5.58 million (€4.57m after tax)
- Revenue growth: From €138.6m to €150.6m year-on-year
- Third consecutive profitable season
- Negative net worth: €39.8m due to historical losses, though the CVC credit agreement allows for positive accounting of €30.9m
What’s particularly promising is how Los Verdiblancos have reduced their dependency on television money, dropping from 47% to 43% of total income. The club has managed this while simultaneously committing over 50% of operating expenses (more than €80m) to first-team wages under Manuel Pellegrini.
Debt Remains a Challenge
The elephant in the room remains Betis’s debt situation:
- Total debt: €280 million as of June 30, 2025
- Long-term debt: €216m (€106m to financial institutions, €95m to clubs including CVC loan)
- Short-term debt: €64m
- Net debt: €207m (87% ratio to relevant club income)
Shareholder Support Absolutely Massive
The numbers don’t lie - this board has the backing of the Betis faithful in spades. Of the club’s 235,000 shares, 166,592 (70.9%) were represented at the meeting, with support for the board’s management reaching 165,507 votes in favor versus just 257 against.
The reelection of key figures including Haro and López Catalán sailed through, as did the confirmation of club legend Joaquín as a board member. The appointment of auditors Eudita GCM for the next three financial years was also approved.
It was, as we say in London, a right Bobby Dazzler of a meeting for the current administration, who continue to eye the redevelopment of the Benito Villamarín stadium as the next big project to elevate the club further.