Menu
Finance

La Liga Side Espanyol Seeking Investments From Mexico To Cut Club's $192M Debt

La Liga side Espanyol President Joan Collet on Sunday “headed to Mexico,” according to Rogelio Román of MUNDO DEPORTIVO. Collet, “as he has already tried multiple times in less than one year as president, is looking to Mexico to seal some type of agreement with investors that would mean fresh money for Espanyol.” Collet was “recently criticized” by Espanyol shareholders group Genética Perica spokesperson Román Escuer, who “said Collet’s eager traveling has not produced anything.” Collet responded by saying that “what we cannot do is cross our arms and hope that investors come looking for us.” Collet also confirmed that “his trips to Indonesia, Russia and Libya have been productive.” The commercial “connection to Mexico brought Espanyol to pursue signing a long-term agreement with the Mexican state of Quintana Roo.” Espanyol "is hoping to take advantage of a connection highlighted by coach Javier Aguirre and defender Héctor Moreno, who are both Mexican." Cancun, located in Quintana Roo, is “Espanyol’s principal partner.” This summer, Espanyol “nearly finalized a small offseason tour in Mexico, but it was not to be.” At the time, Collet said, “If there is no economic return, we will not go.” Espanyol’s “economic need remains latent.” The club’s net debt is €142M ($192M) (MUNDO DEPORTIVO, 10/13).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/10/14/Finance/Espanyol.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/10/14/Finance/Espanyol.aspx

CLOSE