Cruzados has successfully closed its capital raise and raised $11 million for a future stadium

SADP Crusaders communicated, by an essential fact transmitted to the Financial Market Commissionwhich raised 277,845 UF through the auction of shares as part of its capital increase process, which ended last Friday, June 10.

These funds, which are equivalent to just over 9 thousand 131 million pesos, will be used for the modernization project of the San Carlos de Apoquindo stadium, which they aspire to have in the first quarter of 2024.

The company contributed through a statement on its official website that the amount represents more than 86% of the total number of new newspapers it published, for which this news was considered a success, considering the fact that the initial objective was to exceed the threshold of 200,000 FU.

Juan Tagle, President of Cruzados, said: “I am very happy because we have managed to reach very important personalities, that allow us to keep moving forward with our dream. For me, this closes a very special week, because feeling firsthand the interest of fans and shareholders in our project, plus the very large number that we managed to raise, seemed very significant to me; especially since the financial situation of the country is not ideal, which shows that people support and believe in the management of the Cruzados”.

“Seeing the results, nearly 3,800 people have become new shareholders of Cruzados, the vast majority of them fans who have decided to support us in this process. This way, fans will be able to say that they played an important role in financing the stadium,” he added.

The details

In the auction open to the general public, new investors and fans, more than 27 million shares were placed, equivalent to 32.4% of new logs.

“We are also happy, firstly, because a large part of the current shareholders have responded to the call to subscribe to their share in the capital increase and also because we have seen new investors interested in entering with important participations, which shows how attractive the Cruzados are becoming. . with this project”, explained Juan Pablo Pareja, general manager of Cruzados.

There remains a remnant of shares that they have, according to Pareja, until April 2024 to put on the market: “We will continue to work to achieve this, since these resources are necessary to finance the last part that remains to be built, so I have no doubt that we will be able to successfully complete this process”.

“The construction of the new enclosure would begin in the next few months and for this a duration of 18 months is envisaged in the works, theor that it would imply that the new campus of the Catholic University could be ready during the first quarter of the 2024 season“, they pointed out. of the UC.





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