Mexican capital continues landing in Spanish soccer

Mexican capital continues landing in Spanish soccer

The promise of Orlegi Sports with Sporting de Gijón: promote it, build a new project, build infrastructure and improve the financial situation. With these objectives, Alejandro Irarragorri, Chairman of the Group’s Board of Directors, becomes the eighth Mexican businessman in history to inject capital into international soccer.

Of those investments, six have been in Spanish soccer, one in Costa Rica and another in Chile. The incursion of the Mexican flag abroad began in 2003 and the most recent acquisitions took place during this month. CD Badajoz was taken over by José Luis Orantes, and both CD Leganés and Real Sporting dream of returning to the first division. The pepineros now have Jeff Luhnow as president and the rojinegros Irraragori.

Leganés got their first promotion to the Spanish league in 2016 and after four seasons in the top flight, they were relegated to the second division. The American group Blue Crow Sports Group, chaired by Mexican businessman Jeff Luhnow, acquired 99.1% of Leganés’ shares. Luhnow has 20 years of experience in the world of sports and technology. Victoria Pavón and Felipe Moreno, former president and former vice president of the entity, took over from Luhnow, who is also president of Cancún FC of the Liga Expansión MX and has experience having worked for the St. Louis Cardinals and the Houston Astros, two teams of the MLB.

While, the new rojiblanco tenant of Orlegi, managed to return to the first division in the 2014-15 campaign, but for mathematical sporting reasons, they returned to the silver category in May 2017.

“It is a new opportunity to create something different, it is a team with a great past, the present is complex but we are going to transform it, because we will have an exceptional future. We have the necessary weapons to make him the protagonist, the challenge is strong but we will be in First Division where the team should be. Sporting has a wonderful history, there are challenges in infrastructure, and more so in the financial situation, the advantages we have are our people and they will help a lot, we are not here to mexicanize, we want prepared people, both on and off the field”, said Irarragorri , also owner of the club Atlas and Santos Laguna of Liga MX.

Javier Fernández, until now the president of the Asturian club, agreed to the transaction with the business group for 73% of the shares, that is, for around 43 million euros. The new roles on the Board were designated in the presentation: Irarragorri as president, Alfonso Villalva Peniche and Martin Hollaender, as members, and José María Segovia as non-director secretary.

Spanish media have commented that the departure of the Fernández family is one of the echoes of the fans for several seasons, due to the sporting drift of the team and the economic crises suffered years ago. The newspaper Palco 23, specialized in the sports business in Spain, indicates that Sporting anticipates losses of 4.8 million euros at the end of this year and an expense budget of 15.6 million euros. Also, the club estimates spending on its sports personnel, players and coaching staff of 7.8 million with sports revenue of 11.9 million and 2.1 million for season ticket holders.

At the beginning of the year, the Sporting CP club publicly reported that “there is no risk of possible exclusion from European competitions” after the Appeals Chamber of the UEFA Club Financial Control Committee upheld the economic fine and the exclusion of play club competitions (Champions League, Europa League and Conference League) for three seasons for failing to comply with the requirement of not having overdue debts.

Also, in 2022, the Mexican group Atlantis, with businessman José Luis Orantes, became the majority shareholder of CD Badajoz by acquiring 60 percent of the capital. Orantes is also the owner of the Mexican coffee clubs of Chiapas and Cancun FC.

Among other Mexican owners who have involved capital and are still in force are: Carlos Slim, Jesús Martínez and Manuel Lovato. Slim, the billionaire owner of the América Móvil, Telmex and Grupo Carso telecommunications group and elected this 2022 as the richest man in Latin America, maintains a property in the Second Division of Spain with Real Oviedo. Slim rescued the team in 2012, when it was going through a severe fiscal crisis for 12 million euros, which looked like a path to bankruptcy.

In 2015, Sociedad Desarrollos Empresariales Deportivos, S. L, chaired by Manuel Lovato, bought Salamanca from the RFEF third division. And, in 2019, Grupo Pachuca acquired shares of Everton de Viña del Mar, Chile. Grupo Pachuca’s timeshare has spread to four teams: Pachuca, León, Mineros de Zacatecas and Talleres de Córdoba.

Lastly, there are two owners on the map. Mauricio García de la Vega with Real Murcia in Spain, where since 2018 he disputes 82.4% of his shares with the Provincial Court of Murcia. And the Saprissa of Costa Rica, which received from 2003 to 2011 investment from Jorge Vergara, to be the first Mexican to buy a team abroad and that precisely in that period they had their most successful time by winning seven local and two international titles, including the Concachampions in 2005.

Mexico-Spanish soccer relationship, older than properties

Investor groups are not the only relationship between LaLiga and Mexico. Since 1933, more than 40 Mexican players have passed through LaLiga, some of them renowned and with great weight in the history of soccer in their country. Soccer players such as Hugo Sánchez, Rafa Márquez, Giovani Dos Santos, Carlos Vela and Héctor Herrera are just some of the Mexicans with the largest international line-up who have passed through Spanish soccer stadiums.

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