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Sports World completes the first round of its capital increase with 11 million

The Sports World group has not completed its capital increase and will open a second round to complete an operation with which it intended to raise 15.6 million euros. The shareholders of the Mexican gym chain have subscribed a total of 70 million shares at 3 pesos each, so the company has raised 210 million pesos (11 million euros). Since the offer was for 100 million shares, the remaining 29.9 million shares that have remained to be subscribed may be acquired at the same price in a second round.

Sports World closed the last year with losses of 456.3 million pesos (22.4 million euros), which means that it cut its red numbers by 24.9%. It did so in a year when its revenue fell below its 2020 level, the first year impacted by the pandemic. That is to say: Covid-19 affected him more severely in 2021 than in the previous year. The facility manager closed last year with a turnover of 648.4 million pesos (31.9 million euros), 28.5% less than in 2020.

The company has recently announced changes to the top executive line. Fabián Dario Alcides has left the general management and José Rodrigo Riveroll has been appointed in his place. The new executive was CEO of Elektra, Topgolf Mexico and the Domino’s Pizza pizzeria chain in the Aztec market.

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