Today morning, Real Sociedad Board of Directors gave a press conference in order to explain in detail the issues that will be discussed during the next General Meeting of Shareholders.
The president Jokin Aperribay, accompanied by the advisors Nerea Aramburu and Jesús Ruiz, stated that “Real Sociedad is a financially sound, solvent and ambitious club. I say financially sound because for 10 consecutive tax years, benefits have been generated in the operating account. That is due to the fact that there is a responsibility-based management, where incomes are guaranteed in first place. Subsequently, expenditure is committed. Our equity structure is solvent, as provided by the cash flow and net assets. Moreover, Real Sociedad is constantly growing. The number of members has increased, as well as our incomes and structural and sporting ambition. We cannot limit ourselves. We must work hard to play in Europe. We are working on it”.
As for the Reale Arena, the president said “it is one of the cornerstones of Real Sociedad. We want to build a more solid and strong club, more ready for the future. We are almost 34,000 members and we can state we all are building a Real Sociedad which is capable of looking to the future with strength and determination”.
At the General Meeting of Shareholders, the board of directors will present an accounting profit of EUR 10 million (season 18-19) and a budget of EUR 112 million for the season 19-20.
The cost of the Reale Arena official project is EUR 57,9 million, of which 14 are provided by the institutions. Therefore, it is estimated that in order to cover Real Sociedad’s contribution to the official proyect, the amount needed to apply for a new authorisation at the General Meeting of Shareholders on December 10 amounts to up to EUR 8 million.
Aside from the official project, Real has decided to implement improvements that will enhance the quality of the stadium: high-tech facilities, better visibility and accessibility and a more effective deployment of the new internal resources. In short, a more modern football stadium. These improvements amount to EUR 17 million.