The government of Aragon This Wednesday has approved at the Council meeting, the protocol with the sports society Huesca with which the basis for the future purchase of El Alcoraz are established, still owned by the club. The operation is estimated at about 24.4 million euros. With the agreement, the Executive expresses “his willingness to acquire the stadium”, according to the order, “to consolidate it as a sports and social reference equipment, capable of hosting both football competitions and other sporting, cultural and recreational events of public interest.”
So things, the Huesca It undertakes to regularize the registration and cadastral situation of the stadium, to cancel the current mortgage and declare the work formally as completed. While the club wanted to undertake new jobs in the corners or the roof, everything indicates that they will be undertaken in the future thanks to this new institutional collaboration.
The club may not allocate the surplus value generated in the operation to dividends among shareholders, partially or total, and these will be reserved for “the development of the sports, economic and social project” of the entity “or as reserves to ensure its future sustainability”. From the Government of Aragon they explain that the stadium management will be subject to public tender, a process to which the Huesca will be obliged to attend. Until then, the S.A.D. He will continue managing the stadium as until now.
The agreement has an initial validity of two years, extendable by two. A mixed society integrated by club and DGA representatives will be created for follow -up.
