Real Betis Basketball Section Undergoes New Change of Ownership

He basket Real Betis, back on the market. The green and white team is close to close a new change of hands of its basketball section only five months after having sold it to the XOY investment group, according to reports ElDesmarqueThe amount of the transaction has not been disclosed.

Real Betis Balompié has regained control of its former basketball section after the majority shareholder and head of the Mexican investment group XOY, Carlos Lazo, is wanted by Interpol on charges of tax fraud.

The best positioned seems to be the Hereda GroupAccording to the aforementioned media, the negotiations are already in the final phase, with the president of Real Betis, Ramón Alarcón, finalising the details of the new contract. Thus, the top manager of the Betis team has rejected the offers presented by the Crespo brothers.

The Hereda Group is a company dedicated to genealogy and inheritance processing. The basketball passion of its CEO and founder, Pedro Fernández, has led the Madrid-Burgos company to be present in basketball, sponsoring the San Pablo Burgos team for several yearsmember of the LEB Oro.

Sources close to the negotiations have confirmed that the basketball division will continue its activity under the Betis brandmaintaining the commitment to formative sport as has been done until now under the cloak of green-and-white control.

The plans of the XOY group were to a restructuring of the teamwhich was to begin with a change in the sports department, led by the Spanish coach Iván Déniz, who was in charge of Libertadores de Querétaro (Mexico).

The change of hands comes almost a year after that the green and white entity announced the reduction of 2.6 million euros in its sports sections “due to a change of model”The basketball section was going to reduce its budget by half after being relegated to LEB Oro. Specifically, the capital available for last season was reduced to 1.7 million euros.

Real Betis Baloncesto became part of Real Betis in December 2016when the majority shareholder, Energía Plus, sold all of its shares to Real Betis Balompié. Previously, the club was owned by CaixaBank.

The team plays its home games at the Palacio de Deportes San Pablo, with a capacity for 8,626 spectators, and its trophy cabinet includes a Eurocup runner-up trophy, a Princess Cup, a Copa del Rey runner-up trophy and six Andalusia Cups.

2024-07-03 13:45:29
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