Monday, June 5, 2023

Malaga value after relegation to the Premier League

Málaga CF have just confirmed their mathematical relegation to the Primera Federacion, the third tier of Spanish football, ten years after reaching the quarter-finals of the Champions League. In full judicial deadlock, with its owner, Sheikh Abdullah Al Thani, separated from the courts while he is being investigated for various charges, the team now faces a huge financial hole as potential buyers echo, many hanging on from the club. the most famous city in Europe.

Málaga’s turnover within the 2022/23 season was at 16,995,000 coins, but according to the worst estimates of the club, after going to relegation with one game, the losses will cost about ten million coins, this was confirmed by the judicial administrator of the club on Tuesday. , José María Muñoz.

Málaga foresees 6.5 million euros in the sale of audio-visual rights in the sale of tickets and subscriptions “a bad mission” and, although it is predicted that there will not be a big loss in store, it makes a plan “only 200,000 euros of sponsorship.”, so Muñoz supposes a club “with a turnover between seven to leave millions of cash.

For this reason, the new situation confronts the internal restructuring forces that have already been acquired and where this Thursday the first stone of the new plan has already been placed: that player and director of Real Sociedad, Loren Juarros, as a new game reformer.

The judicial administrator of the club, in office from 2020 and who will continue until the judge, Maria de los Ángeles Ruiz, confirms it, confirmed without the names or the number of those who affected the dismissal of several workers from different departments in which he wanted. there will be another organization of the functional file (ERE) like the one that happened during the pandemic, where about 50 people went out, including players and workers.

At the financial level, the abandonment of the first and second professional football to land in the First Federation will have a relegation aid cushion of 4.25 million Europeans, of which 1.25 are non-refundable and the other three must return in the event of promotion. to the 2nd Division

Although this aid is accepted to prevent things, the truth is that Málaga estimates that it has, in the most serious case, a budget of about two thousand euros to prepare the team, despite the idea of ​​the RFEF to implement the salary system, as in LaLiga.

The new age is looking at a club in Andalusia, which will be focused on sports in the Academy of youth, which will be “corneral”, as Loren Juarros highlighted in his presentation, although it is a city of sports, called La Academia. still under construction and little to complete the first phase.

These are the figures that show the lack of players of the club that this 2022-23 season promised to fight for promotion and doing the opposite, because of a mediocre game plan, management that could be improved and a squad that does not meet expectations.

Sale of the club in the hands of the sheik How much is Málaga worth? It is about some questioners, because the truth is that there are many who are interested: “It is certainly important to buy Málaga. There are people who closed the agreement and exchanged the agreements, they showed me those documents”, Jose Maria Muñoz, who also prefers to be careful: “I believe the least that they say”.

The problem is the judicial situation, since the owner of 51 percent of the shares and therefore still the owner of the entity, Abdullah Al Thani, has been investigated by separate courts together with the sons of Nasser, Nayef and Rakkan, due to charges of alleged embezzlement. money laundering and unfair management.

Al-thani, speaking about the media in the State of Justice.

Al Thani is credited with his immobility, he has indicated several times, almost all on the social network Twitter, where he usually expresses himself: “Málaga is not for sale”.

A few months ago, the interest of Nasser Al-Khelaifi, the owner of PSG and the investment group Qatar Sports Investments, came to the front of the world in the purchase of Málaga, an intention that continues despite the relegation to the First RFEF.

But as the judicial administrator says and everyone who follows the team closely knows, Málaga will be sold as long as the Sheik wants to do it or be guilty of the aforementioned crimes that facilitate the future of the entity.

At the moment, on paper, the last evaluation of the club in 2021 prepared by the expert report dominated Málaga to have a value of 45,747,911 European coins.

But that assessment was based on the fact that Málaga is in the First Division, with the income from the television rights referring to what the club was earning, not as something that has just been relegated to the third tier of national football. Málaga is certainly no longer worth close to 50 million, but as long as the judicial impasse continues, few buyers can easily rest.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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