“Being registered on the Stock Exchanges mitigates risks and (helps) you have a longer period of permanence over time,” said Dávalos.
Another reason, Fraser pointed out, has to do with the fact that Alfredo Harp Helú, owner of the team, has plans to inherit between different members of his family. “Being a public company, it can facilitate the division of its assets,” he highlighted.
Another benefit comes from the tax side. The shareholders of a listed company pay 10% of the profits tax, the famous income tax (ISR), while the rest of the taxpayers can pay up to 35%.
“Thanks to all the oversight mechanisms that are in all business environments, thanks to all the business data transportability mechanisms, it is very common to find ‘fat’ companies and ‘skinny’ owners and entrepreneurs,” commented Miguel Ángel Dávalos.
“Now, the adjustments that were made to make the simplified stock issuer, the stock market SAPI, and to make the adjustments to make the way of disclosing information to the public investors more streamlined, are designed to provide liquidity events to those companies and to families, or the owners, can legally take capital into their pockets,” he added.
Although it is true that Diablos Rojos will not launch a public offer, those interviewed did not rule out taking that step in the future to make the team grow, to invest and strengthen some of its areas, among other possible reasons.
If later they opt for a public offering, the market will see that the company is already registered and complied with the financial information for a certain period and is subject to surveillance, it will be much easier to access capital or debt, assured the development director of business and structuring of TMSourcing.
Diablos Rojos is not the only institution that is taking advantage of the new Securities Market Law, Dávalos stressed that there are seven other companies in the pipeline to list.
