Spanish Segunda División club Cádiz C.F. has just had a significant financial boost as it looks to the next chapter in its history.
Expansion said the Cádiz-based club has reached an agreement with the US fund Yorkville Advisors Global LP for the issue of convertible bonds worth €25.6 million.
Some of the funding will be put towards the club’s Sportech City project.
The Sportech City project, which was first revealed in 2023, will be developed over 110,000 square meters of land in the Province of Cádiz with a 40,000-seat stadium to be designed to facilitate the holding of concerts and sporting events and it could also serve as a new home venue for the club.
Skirting it will be a huge leisure area along with a gym and a spa, a convention center, a hotel, a sports clinic, 56 shops primarily selling luxury and sports items, and 17 restaurants.
Cádiz C.F. is a Spanish professional football club based in Cádiz, Andalusia (Spain). Founded in 1910, the club competes in the Segunda División (the men’s second professional association football division of the Spanish football league system) holding home games at the Nuevo Mirandilla Stadium with a seating capacity of 20,724.
The stadium was originally inaugurated as the Estadio Ramón de Carranza on September 3rd, 1955. It has since then been completely rebuilt twice.
Expansion said Yorkville’s intervention has been structured for a three-year term, during which the fund may progressively convert the bonds into club shares, up to a maximum of 30% of the share capital.
However, this conversion is not automatic: Cádiz C.F. retains veto power over any exchange that exceeds the 10% threshold, ensuring a degree of control by the current shareholders.
The deal comes at a key moment for the Andalusian club. Following relegation to the Segunda División at the end of the 2023/24 season, the club needed to ensure sufficient liquidity to undertake the restructuring of its squad, meet inherited financial commitments, and, above all, maintain its ambition to return to the elite of Spanish football as soon as possible.
Yorkville’s capital injection will allow Cádiz CF to face this transition with greater solvency.
Although the board has not made any official statements regarding the immediate use of the funds, sources close to the club indicate that part of the money will be used for sporting reinforcements, debt repayment, and infrastructure investments including the Sportech scheme.
The club also maintains commitments to the city and LaLiga, both in terms of compliance with financial fair play and the maintenance of the Nuevo Mirandilla stadium and the improvement of its facilities.
Founded in 1910, Cádiz CF has historically been one of the most representative clubs in southern Spain, not only for its sporting history but also for its strong social roots throughout the province.
Its grassroots character, its close relationship with the city, and its resilience have allowed it to overcome relegation, economic crises, and changes in ownership.
The last decade has been marked by the management of businessman Manuel Vizcaíno, who took the reins in 2014 and has led the club to a period of notable institutional stability.
The fans, meanwhile, remain expectant. With more than 17,000 season ticket holders and one of the most loyal fan bases in the country.
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