Estudiantes de la Plata reveal financial report, numbers in the red | OneFootball

Estudiantes will present a Deficit Balance in the Assembly for the first time in the era of Juan Sebastián Verón. For this exercise, the participation of businessman Foster Gillett is included.

The Annual Ordinary Assembly is scheduled for Saturday, October 18 at stand 111 of the UNO Stadium. Meanwhile, in the last few hours, the Board of Directors presented the details of the balance covering from July 1, 2024, to June 30, 2025.

The financial statement shows a deficit of $14.277 billion, marking the first negative balance in eleven years. On the other hand, the operating budget shows a surplus of $4 billion and the liabilities amount to around $39 billion until June, which includes Gillett's loan and the $10 billion that were settled in recent months, according to information from 0221.

The outcome of the financial figures is related to a political decision to focus on sports, specifically to strengthen the team with an eye on the Copa Libertadores. Nevertheless, Estudiantes' Finance Secretary Juan Martín Ongay explained to the local media that the economic management occurred in a complex context but with an "orderly and sustainable" administration.

Details of Foster Gillett's participation in Estudiantes

The American magnate maintained a connection with Verón with the idea of doing business together, although he did not achieve full development: Gillett completed the purchase of Cristian Medina's transfer from Boca and loaned him to "Pincha", the same case occurred with Facundo Farías.

Additionally, he provided an advance of $9.7 million USD from a larger loan that the businessman promised to complete for a substantial amount to establish an agreement to remain linked to "Pincha" for several years.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.