The president of Deportivo Cali, Marco Caicedo, spoke this Tuesday through an official statement on the financial situation of the institution.
In said document, the manager explained the strategies that are being implemented to improve the financial status of the team. This also as a clarification on what has been heard about the complicated economic situation of the ‘Sugar Bowl’.
Thus, the official statement states:
The President of Deportivo Cali informs the members of the Institution that since September 2021 he has structured a financial stabilization plan for the period 2021-2023, which was presented and approved by the Executive Committee in October 2021 and by the Committee incoming in December 2021.
The stabilization plan was also presented on February 15, 2022 to the former presidents of the Institution to obtain part of the approvals inherent to its execution.
This plan contemplates six (6) strategic axes that are being developed in the foreseen time:
1. Sale of non-productive assets – In progress.
2. First Team new strategies – In execution the rational reduction of the payroll.
3. Quarry action plan 2022-2023 -Under study.
4. Administration and logistics: Austerity plan – In execution.
5. Planning new income – In execution: Renewal and new sponsorships in process.
6. Contingent Assets – In process.
Subsequently, a new axis was added, approved by the current Executive Committee in its session on March 7, 2022, which corresponds to:
7. Real estate project maintaining ownership of the property – In the pre-feasibility study stage.
In addition, we inform that all the obligations with the financial system were successfully redefined, achieving terms and grace periods in addition to those initially agreed upon.
This is the opportunity to thank on behalf of Deportivo Cali and its partners in the financial system, suppliers, creditors, sponsors, collaborators, fans of the Institution for all the understanding and support received.
According to the mandate of the assembly and the accompaniment of the international firm Ernst & Young. We continue with the steps in the search for a possible strategic partner, prior approval of the assembly
Associates General.
The President and his Executive Committee remain firm in their unspeakable mission of moving our Institution forward, and invite all associates to join us proactively in achieving the objectives.
