Livingstone scores a success with the sale of CD Castellón

CD Castellón has been acquired by Haralabos Voulgaris. The sale of the albinegro club has been exclusively financially advised by Livingstone Partners representing the seller, Capital Albinegro, S.L.

After completing the 5-year strategic plan undertaken by the buyer Capital Albinegro, reinforcing the club’s management, and playing structure, and culminating in the club’s centenary year, Vicente Montesinos, Capital Albinegro’s CEO, asked Livingstone Partners to find an ideal candidate to lead the club towards a successful future. The main objective of Capital Albinegro was to guarantee the stability of the club and a project designed to maximize the chances of success.

During its 100 years of existence, CD Castellón has always been among the most successful Spanish football clubs, remaining in Spanish professional football for 65 years. It is a historic club with a unique fan base. Since Capital Albinegro took control of the club, the average number of subscribers has been 13,000 per season.

Livingstone received offers from numerous interested parties from around the world and worked closely with the buyer and seller to ensure a common vision and a smooth transition for the club.

“It has been a real pleasure working with Livingstone during this process. Deals in football are extremely difficult and Livingstone was able to filter through all the potential buyers to find the candidate that met our objectives: a reasonable valuation, but above all the right investor to take the team to new heights. Neil and Guillem never lost that focus,” said Vicente Montesinos, CEO of Capital Albinegro.

“We are delighted to have found a very strong new owner for CD Castellón, who will work tirelessly to ensure the club’s future success, with a vision that will excite loyal Castellón fans. Working with Vicente Montesinos and Capital Albinegro has been a pleasure and their insistence on finding the best investor for the future of the club speaks volumes about their priorities in the operation”, commented Neil Collen, Partner at Livingstone, who has led the operation.

“It has been a real pleasure working with Livingstone during this process. Deals in football are extremely difficult and Livingstone was able to filter through all the potential buyers to find the candidate that met our objectives: a reasonable valuation, but above all the right investor to take the team to new heights. Neil and Guillem never lost that focus,” said Guillem Vercher, an analyst at Livingstone, who supported the operation.