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Budget of €43 million & a forecasted surplus of €15 million approved during shareholders' meeting

Season ticket prices remain frozen and nearly 2,500 season ticket holders will continue to pay the same amount as they did when the club was in Segunda B

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24/11/2016 17:05

The SD Eibar shareholders' meeting, which took place today at the city's Teatro Coliseo, saw shareholders approve a budget of €43 million for the 2016/17 season, with a forecasted surplus of €15.1 million.

Season ticket prices will remain frozen, with almost 2,500 season ticket holders set to pay the same as they did four years ago, when the club was in Segunda B.

The budget was accepted with a 96% majority.

Meanwhile, shareholders also approved last season's accounts, which registered a net profit of €9 million, with expenditure at €32 million. The accounts were passed by 95% of the shareholders.

One of the pieces of information revealed during the meeting was that the club's per-share book value has increased six-fold since the capital increase in 2014. As confirmed today, Eibar maintains, and will continue to maintain, its zero-loss policy.

This shareholders' meeting represented Amaia Gorostiza's first as president after having taken over from Alex Aranzábal, who stood down in May, whilst the existing board members remain in office.

The only change to the make-up of the board came after Ricardo Aristondo announced his resignation on 21 October.

During the meeting, the board members offered a detailed review of the most important issues affecting the club.

Amongst the items discussed was the side's on-field performance, the opening of the new East Stand and the project for the development of a Training Ground - in which the club is currently involved in identifying a suitable plot -, as well as the activities of the SD Eibar Foundation.

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