The penultimate step to settle Espanyol’s historic debt

Chen Yansheng and the rest of Espanyol’s board of directors will lead a historic shareholders’ meeting for the white-and-blue entity this Monday (12 noon). The appointment, which will be telematic for the second time, will be used to approve a capital increase that will virtually settle the historic net debt that drags the club: for the first time in this 21st century, will be reduced below 20 million. An operation that will allow Espanyol to return to Primera with more financial muscle and a higher salary cap despite the effects caused by the pandemic.

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