October 29 at Intercity Alicante managed to enter the history of Spanish football. He didn’t do it to win some important trophy on the field. The club became the first team listed on the stock exchange.

For a long time they have been working to ensure that the Alicante sports facility could make a jump on the Spanish floor, but the decision was postponed until the specified date. The first trading day was a complete success for Intercity with gains up to 9%. This takeoff meant that he had a total company valuation of 5.56 million euros.

However, the furore quickly died down and the club’s shares dried up. In particular, their names fall 60% since he made the leap into the financial markets. Thus, El Intercity has a capital of 3.6 million euros in 2022, as reflected in the daily BME Growth report.

In particular, the club’s shares began trading at a price of 1.68 euros. The next day, titles jumped to €1.83. And since that day, the market capitalization has not ceased to fall and the share of Intercity is about 0.75 euros.

A club that includes well-known shareholders such as Juanfran Torres (former Atlético Madrid, It is run by businessmen Salvador Martí and Javier Mira, also founders of a facial recognition company (FacePhi). The current shareholding consists of approximately 1,100 shareholders, almost all of whom are minority shareholders. One of its main backers is Alpha Blue Ocean, a company that broke into the sports establishment after a €4.5 million capital increase.

From ascent to ascent

But the unfortunate streak that the club is experiencing on the floor does not apply to the field. Intercity runs promotions and has managed to rise four times in the past five years. Including this year.

“Intercity” occupies its space in 1st RFEF (former Segunda B), so it’s only one step away from elite football. From the club as it turned out Marty in some interviews, they work so that in a maximum of four years their fans can enjoy matches in the silver category.

At the administrative level, Intercity suffered significant losses. The businessman from Alicante, Perfecto Palacio, left the posts of vice president and director of Intercity, although he will remain a shareholder of the enterprise. Instead, the club announced that Juan Fran Torres would take his place.
Other clubs on the list

Spain is a rare bird in elite football. All leagues have major clubs that are publicly traded. This applies to Ajax Amsterdam, Juventus, Porto, Benfica, Manchester United, Roma, Olympique Lyon or Borussia Dortmund. The first team to set foot on the floor was Tottenham Hotspur in 1983.

However, football still doesn’t drive big caps, in large part because the entry and exit of small shareholders’ capital is based on certain points, such as reaching some sort of sporting milestone. This is the case AS Rome, run by José Mourinho, which soared in the Rome stock market after winning the Conference League. In particular, the shares of the Romans rose to 17%.

Another thing is national football. Even though humble football has representation on the floor, elite football has put its exit plans on hold, according to this publication.

The main reason it has been delayed is the economic weakness of big clubs that could go public as a result of the coronavirus crisis. In particular, any company wishing to debut on the trading floor must meet a number of requirements, including making a profit for the last three years. Something that, with a hole in club coffers left by the pandemic crisis, would be difficult to pull off.