More than 200 million euros have been invested! Each body: Chen Yansheng is close to selling Espanyol, with a capital increase of 32 million yuan recently

The Daily Sports Daily reported that Espanyol Club has passed a 32 million euro capital increase plan, and the team's sales process has gone further.

Espanyol Club approved the long-awaited capital increase plan at its shareholders' meeting on Friday, with a final amount of 32 million euros, a decrease of 6 million euros from initial expectations. Since Xinghui Group entered Espanyol nearly ten years ago, it has invested more than 200 million euros. This capital increase will help the club operate better in the transfer market.

The meeting was held online, and there was no reporter's questioning session, which lasted less than an hour. Club owner Chen Yansheng told fans in a 53-second video: "We have just ended a season full of hard work and solidarity that allows us to continue to stay in La Liga, which is where our club deserves." The capital increase plan is the first step, and Chen Yansheng continued: "Now we need to face a new sports program to consolidate our position in the top league, so we must provide the club with the greatest stability." The 32 million euros added will issue about 5.3 million shares at a price of 6 euros per share. The main change is that the club's debt will be converted into capital, borne by Xinghui Group. Although the last-minute digital adjustment led to the minority shareholders' association voted against it, Star Hui still has an overwhelming majority. The funding will help the club balance finances and pave the way for club sales that may occur in the coming weeks.

Espanyol Club received capital increase at a critical moment in recent history. After a tough relegation last season, sports management has been asking for more resources to strengthen the roster. The club also announced that debt is expected to drop to about 7 million euros by June 30, 2025, the lowest level in the past decade. This allows the club to operate in accordance with 1:1 financial rules in the summer transfer window and at least maintain or raise its financial fair play threshold.

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