Espanyol to approve €10m capital increase

Espanyol shareholders will vote on a €10.08m capital increase on 14 December, approved by owner Alan Pace to boost transfer budget flexibility.

Espanyol's shareholder meeting is scheduled for Monday, 14 December at 12:00, combining ordinary and extraordinary business. The key item is approval of a €10.08m capital increase, split into 1.68m new shares at €6 each. Owner Velocity, which holds 99.96% of the club, will effectively rubber-stamp the measure, which was negotiated with LaLiga over the summer to expand Espanyol's financial room for transfers.

The vote will also cover amendments to the club's bylaws and the creation of a pledge over certain credit rights to facilitate the capital raise. The meeting will be held in hybrid format at RCDE Stadium with remote access available.