Levante shareholders approve capital increase as Danvila warns of 'very tough scenario' if relegation strikes
Levante's financial future hangs in the balance as shareholders back €8.2m capital increase, while CEO Danvila paints stark picture of potential relegation consequences.
Levante shareholders have overwhelmingly backed a crucial €8.2 million capital increase as the club attempts to navigate choppy financial waters, with CEO Pepe Danvila warning of dire consequences should they fail to maintain their La Liga status.
Financial Picture Comes Into Focus
Nearly 100% of Levante shareholders approved three key proposals during Tuesday’s Ordinary and Extraordinary General Meeting at Ciutat de Valencia’s Sala Fenollosa. The gathering revealed some proper eye-watering numbers about the club’s current financial state:
- The 2024-25 accounts closed with losses of €14.1 million
- Projections for the current season estimate an €18 million profit
- The €8.2 million capital increase was approved, though interestingly, Danvila himself won’t participate in it
The projected profit turnaround stems from increased television revenue, season ticket sales, and commercial activities, coupled with the squad’s adaptation to La Liga’s Financial Fair Play requirements. Both last season’s financial closure and the 2025-26 budget received backing from over 99% of shareholders present.
Danvila’s Stark Warning
The CEO didn’t mince his words when discussing potential relegation, describing it as a “very tough scenario” for the Valencia-based club. Since taking the reins, Danvila claims his primary objective has been to financially sustain the club.
In a moment of brutal honesty that would make even Roy Keane proud, Danvila emphasized that empty coffers would lead directly to relegation: if the money runs out, the club faces demotion because they simply couldn’t pay wages or other obligations.
Looking Forward
Despite the doom and gloom, Danvila attempted to rally shareholder confidence by focusing on three fundamental pillars for the club’s future:
- Identity
- Youth academy development
- The consistently supportive fanbase
The Orriols neighborhood club now faces the dual challenge of maintaining top-flight status while sorting their financial boat - a right old balancing act that will test the mettle of everyone involved at Levante.