Raja Reveals Financial Status Ahead of General Assembly
The Raja Club Athletic football team has announced its current financial situation ahead of the upcoming general assembly, which will witness the election of the club’s new president. Several candidates are vying for this position, including interim president Abdellah Bouregaa, along with Said Hasban and Jawad Ziyat, amidst the significant challenges facing the club.
In an official statement issued by the club, the financial evaluation of its assets was highlighted in the context of the agreement made with a new investor who has joined the club’s sports company. The figures indicate that the total value of Raja’s assets is approximately 5.1 billion dirhams, divided as follows: 800 million dirhams as the estimated value of the players, 1.5 billion dirhams for the club’s brand, and 2.8 billion dirhams for the academy.
As for financial obligations, the total debts and liabilities due from the club have been set at around 1.3 billion dirhams, meaning that the net financial valuation of the club stands at approximately 3.8 billion dirhams. According to the statement, the ownership of the academy will remain under the supervision of the club’s sports association, but its management will be handed over to the new sports company.
As part of a capital restructuring plan, Raja announced an increase in its capital from 300,000 dirhams to 2.5 billion dirhams. The sports association will contribute 1 billion dirhams, representing the value of the assets that will be transferred to the sports company, while the institutional investor will inject 1.5 billion dirhams, to be repaid in three installments over three sports seasons.
The club also announced that last Thursday was set as the final deadline for submitting nominations for the position of club president, in a preliminary step toward the general assembly that will be held on July 7.
