Cádiz CF has announced The Nasdaq launch of its Nomadar technological subsidiary, with the aim of capturing 123 million euros to finance Sportech City, its ambitious sports and technological city project.
Why is it important. It is the first time that a Spanish soccer club tries to quote in the American technological market. The operation, of complying with what was sought by the club, can transform the Gaditano team, with a current budget of 35 million, to make it a reference for sports innovation and shoot its income.
Between bambalins. The nomadar subsidiary is mostly participated by Cádiz and It has the former Liverpool CEO, Peter Mooreas a vowel in your advice. The club will maintain 92% of the vote power even after selling 34.5% of the shares.
Deepen. Sportech City will be a multifunctional complex of 110,000 square meters that will include:
- Auditorium for 40,000 spectators.
- International category hotel.
- Convention Center.
- 56 stores and 17 restaurants.
- Advanced Sports Medicine Center, Gym and Spa.
Nomadar will not only develop the physical complex, but will manage four technological business areas:
- A sports high performance digital platform.
- Football academies with advanced analysis technology,
- International exploitation of the Magic Brand González (Nomadar Ambassador) through Ecommerce.
- A data center and sports innovation laboratory.
The money trail. The required total financing is 370 million euros:
- 123 million from the IPO.
- 167 million debt.
- The rest, direct contributions of the club.
Main winner? Cádiz CF can end up multiplying its income and competitive capacity if you achieve success on Wall Street. Its president, Manuel Vizcaíno, He said that this will “increase the salary limit without depending exclusively on television or subscribers.”
Yes, but. The project has its risks. FC Barcelona had to resign last year to a similar attempt with its audiovisual subsidiary. The operation will depend on the investment appetite that Clear Street finds, the investment bank in charge of the placement.
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