The New Era Of Levante That Changes The Future Of The Valencian Club

He Raise youone of the historic clubs of Spanish football, is going through a crucial moment in its history. As of October 21, 2023, the Valencian businessman Pepe Danvila He became the entity's largest shareholder by acquiring 70% of its shares. This move has created expectations both in the sporting and financial spheres, especially in a club that faces a debt of almost 90 million euros.

This shift in power is not only symbolic; It represents a new hope for the fans and a turning point in the management of Levante. Although Danvila managed to temporarily stabilize the economic situation, it has committed to finding more lasting solutions before 2026, when it will have to definitively address the problem.

“That I have 70% is not going to change anything. I am going to give up my life for this club. Nothing is going to change and we are going to continue looking for a traveling companion,” Danvila said during his speech to the shareholders.

Financial Crisis: An Alarming Context

Levante's situation has gone very far, marked by a financial crisis that has led to a profound restructuring of its operation. The accumulated debt, which includes 17 million with the German bank OLB, had put the club on the brink of bankruptcy, forcing Danvila to present a payment restructuring plan.

Before this financial “earthquake”, Danvila already had 37% of the club's shares. The validation of the restructuring plan by the Commercial Court Number 1 of Valencia was essential for the businessman to be able to assume full control, injecting 13.8 million euros to make Danvila the new owner.

A New Path: Projects and Financing

Since his start as CEO in September 2023, after the departure of Quico Catalán, Pepe Danvila has been immersed in an intense search for investors. So far, he has invested around €30 million in the club and has held multiple meetings with potential investors, the most recent being in London at the beginning of December.

Economic Challenges and Future Investments

Despite having restructured the debt and accessed a more favorable payment schedule, Levante still needs a considerable capital injection. The projected income of approximately 40 million euros from television rights for this season is not enough to guarantee the financial stability of the club.

• Total debt of Levante: 90 million euros
• Debt with OLB bank: 17 million euros
• Danvila's investment in the club: 30 million euros
• Projected income from television rights: 40 million euros

Impact on Club Management and Stalled Projects

With this new panorama, decision-making falls entirely on Danvila, who seeks not only to stabilize the club's financial situation, but also to advance projects that have been stalled for years. Among them, the construction of a new sports city in Nazareth and the second phase of the remodeling of the Ciutat de València Stadium stand out.

The last time a significant investment was made in the stadium was in 2020, when the new roof was installed. Now, both projects are crucial to improving the club's infrastructure and fostering its growth in the coming years.

The Need to Sell Players

Until now, the only tangible way to obtain quick financing has been through the sale of players, as happened last season with the transfer of Andres Garcia to Aston Villa and Giorgi Kochorashvili to Sporting de Portugal, moves that generated around 12 million euros in income.

Looking ahead to the next transfer markets, Levante has two great assets: the Cameroonian striker Etta Eyong and the midfielder Carlos Alvarezwho have already aroused the interest of several clubs and could be key to future economic operations.

Final Thoughts on the Future of Levante

The arrival of Pepe Danvila as Levante's largest shareholder is a change that, despite not offering immediate solutions, provides a ray of hope in a time of uncertainty. Levante UD fans hope that this new leadership will not only manage to stabilize the club's finances, but also propel it towards new sporting goals. The history of Levante continues to be written, and Danvila's commitment will be essential for its success in this new stage.

We invite you to share your opinions on the future of Levante and the impact of these decisions on the club. Leave us your comment and share this article!