Valencia Basket Club, S.A.D. Stockholders Meeting approves the 2017-18 season accounts


The General Shareholders' Meeting of Valencia Basket Club SAD has today approved the accounts for the 2017-2018 season, which have presented a total Club expenditure of 17,787,000 euros. Vicente Solá, president of the taronja club, accompanied by the vice president and CEO Paco Raga and the administration director Esteban Gallego have chaired the Board that has ratified that the expenditure item has been compensated with operating income and with the contribution of his sponsor and principal shareholder, Juan Roig.


In the course of the Meeting, which has had a representation of the 72’75% of the shares, the Board of Directors of Valencia Basket Club SAD has informed of the ongoing management that it plans to apply, consolidating the model that has driven during the last nine seasons and that has culminated with two EuroCup tittles, an Endesa League championship and a Supercopa Endesa. To do this, it has presented a continuist budget for the 2018-2019 season of 17,633,000 euros for the Club's total, which the shareholders have approved.


Club managers have also reported that, as it happened last season, this season's budget will be compensated with the income from the main contribution of their sponsors, Juan Roig and Hortensia Herrero, complemented with the income from the sponsors , ticket offices, credit and advertising among other concepts.


The sports patronage of Juan Roig: "Give back to society a part of how much I get from it".


Among the Valencia Basket project, which this year has been complemented with the launch of L'Alqueria del Basket through the Fundació València Basquet 2000, and the Trinidad Alfonso Foundation project, where it promotes more than fifty initiatives Among which stand out the Half Marathon and the Valencia Marathon, Juan Roig has invested personally and his assets, more than 34 million euros during the past year, in the work of sports patronage.