Levante UD: José Danvila (CEO) becomes a 70% shareholder following restructuring plan approval

96.27% of Levante Union Deportiva's (LALIGA EA Sports) shareholders have approved (84,219 votes in favour, 1,049 against) the restructuring plan proposed by the board of directors, announced the club at the end of its extraordinary general meeting held on 21/10/2025.

Presented on 07/03/2025 and submitted to the Commercial Court of Valencia on 09/10/2025 in order to avoid bankruptcy, the plan aims to put the club's financial situation on a more sound footing by restructuring its debt and issuing 230,250 shares with a par value of €60.10 each (i.e. €14m in total), taking the maximum share capital to €26.64m.

The plan comes in response to a formal notice issued by the German bank OLB, the club's creditor to the tune of €17m, which had declared Levante UD to be "in a situation of imminent insolvency."

The plan involves a capital increase by offsetting €13.8m of debt held by Bizas Capital SL, a company owned by José Danvila, a Valencian businessman and the club's CEO, who will thus become the majority shareholder with a stake of around 70%. The plan has the backing of EDR (Rothschild …