The transaction, still subject to approval by the General Shareholders’ Meeting, includes an initial capital increase of the SAD of around €10 million, with pre-emptive subscription rights in favour of existing shareholders
The structure seeks to contain financial costs, limit indebtedness and preserve the economic sustainability of the project and Celta, while maintaining the current shareholder control
The Celta Board of Directors will propose to the next General Shareholders’ Meeting an initial capital increase aimed at contributing to the financing of Celta360. The overall transaction combines different forms of financing and capital contributions to advance one of the most strategic projects of the club.
As part of this structure, an initial increase in Celta’s share capital of approximately €10 million is envisaged through the issuance of new shares with pre-emptive subscription rights, the proposal for which will be submitted for approval at the next General Shareholders’ Meeting. The transaction provides for the possible incorporation of a new minority shareholder only in the event that existing shareholders do not exercise their subscription rights and do not subscribe for the full amount of the capital increase following the aforementioned preferential subscription period, with Celta’s current shareholder control being maintained in all cases.
The club’s shareholders will retain all rights to which they are legally entitled within the framework of the capital increase, including, as a priority, pre-emptive subscription rights, thereby strengthening the protection of their current position in the entity and without such rights being excluded.
This financing round aims to provide Celta360 with the resources necessary to continue its development, while also containing financial costs, limiting indebtedness and ensuring the economic sustainability of the project. To this end, the club plans to diversify its financing instruments and capital contributions, preserving the stability of the entity and its investment capacity.
Alongside the aforementioned increase in the entity’s share capital, involving a planned investment of approximately €10 million, the General Shareholders’ Meeting will also be asked to approve a possible delegation to the Board of Directors of the authority to agree, should this prove necessary in the context of the financing round, further capital increases with pre-emptive subscription rights during the following three years, without the SAD’s share capital being increased in any event beyond the limits legally established for these purposes.
Financing for long-term development
The Celta360 project is currently in its second phase of construction, with the new buildings in the complex expected to become operational at the end of summer 2027. The financing will allow progress to be made in the development of an infrastructure designed to become a benchmark for sporting and business activity in Galicia and northern Portugal.
Celta360 is one of the club’s most strategic projects and combines sporting development with the generation of new business opportunities. Its objective is to broaden Celta’s foundations for growth, strengthen its youth academy policy and contribute to its long-term economic strength.
Capital and partners with a long-term commitment
The capital increase constitutes one of the components of the financing structure of up to €125 million envisaged for Celta360. The transaction provides for the capital increase with preferential rights for shareholders and the possible entry of a new minority investor only if there is capital left unsubscribed by existing shareholders, while maintaining the entity’s current shareholder control model.
This selection of partners reflects a long-term commitment and a desire to contribute to the development of the project, going beyond an exclusively financial profile or the pursuit of immediate returns.
Economic consistency and continuity of the project
This transaction highlights the strategy of the three “Cs” of Celta: connection with the community, sporting competitiveness and economic consistency. The latter principle guides investment and financing decisions towards consolidating a strong and sustainable entity.
From this perspective, the financing of Celta360 seeks to provide the project with the resources necessary for its development, while preserving the club’s economic stability and the continuity of its control model. The objective is for Celta360 to generate sporting, economic and social value for Celta and for Galicia, and to help maintain a strong club for the next hundred years.
