Tiny Team to Become Spain’s First Listed Soccer Club
- Management sought to avoid a single-investor business model
- Closed stadiums and a decline in sales have hit clubs’ revenue
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A small Spanish team based on the Mediterranean coast, which counts former Atletico de Madrid player Juanfran as an investor, is set to become the country’s first listed soccer club.
In an extraordinary general meeting held late Monday, shareholders of CF Intercity unanimously backed the decision to list the club. The shares are expected to start trading by the end of June on the BME Growth, Spain’s stock exchange sub-market dedicated to small- and medium-sized companies.