Estudiantes de la Plata reveal accounts, figures show losses | OneFootball

For the first time in the era of Juan Sebastián Verón, Estudiantes will present a deficit Balance at the Assembly. This exercise includes the participation of businessman Foster Gillett.

The Annual Ordinary Assembly is set for Saturday, October 18 in the 111 grandstand of the UNO Stadium. Meanwhile, in the last few hours, the Board of Directors presented the details of the balance that covers July 1, 2024, and June 30, 2025.

The financial year shows a deficit of $14.277 billion, in the first negative balance in eleven years. On the other hand, the operating budget shows a balance in favor of $4.000 billion and the liability rounds to about $39.000 billion until June, which includes Gillett's loan and the 10.000 billion that were settled in recent months, according to information from 0221.

The result of the economic figures has to do with a political decision to bet on sports and specifically to strengthen the squad thinking about the Copa Libertadores. However, Estudiantes' Finance Secretary Juan Martín Ongay explained to the media in La Plata that the economic management took place in a complex context, but with an "orderly and sustainable" administration.

Details of Foster Gillett's involvement 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 finalized the purchase of Cristian Medina's pass from Boca and loaned it to "Pincha", the same case happened with Facundo Farías.

In addition, he advanced U$S 9.7 million from a larger loan that the businessman promised to finalize for a large sum to make an agreement to stay linked to "Pincha" for several years.

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