President José Danvila has cut Levante's debt by more than 5 million euros after a write-down to creditors. The cut was achieved with an upfront payment of 50 % of the ordinary credits, totaling 25.1 million euros of debt.
Ordinary debt reduction
During the summer of 2026 Levante sent a document to more than 50 ordinary creditors whose debt amounted to 25.1 million euros. The proposal, valid for 10 days, offered to pay 50 % of the nominal amount via promissory notes due before 31 December 2026. If the creditor accepted the write-down, the subordinated debt would also be extinguished. Of the 25.1 million, 16 million belong to OLB Bank, which did not accept the offer, and 9 million to player-representation agencies, which did sign and allowed the club to reduce the debt by a little more than 5 million.
Negotiations with EDR and Fasanara
Danvila’s next challenge is to negotiate with Edmond de Rothschild (EDR) and Fasanara Capital. EDR claims 33.5 million euros of the 60 million lent in 2020 for the renovation of the Estadio Ciutat de València, while Fasanara has a credit policy of 6.5 million euros. Both creditors have mortgages over the club’s main assets and a share of transfer income.
Danvila seeks a ten-year novation that will allow Levante to take full control of the company and free the club from the burden that hinders the building of competitive squads. Under the plan, EDR would recover 2.5 million of the principal debt plus interest each season in La Liga; if the club were relegated, it would only pay interest semi-annually. Regarding Fasanara, Levante would have until 2028 to amortise 75 % of the debt, with the expectation that the transfers of Carlos Espí to Real Madrid and Kervin Arriaga to AEK will cover most of the obligation.
Implications for the club’s sale
Danvila does not intend to sell the club in the short term. Legally, he cannot do so without first settling the 33.5 million owed by EDR. Additionally, he believes the timing is not right after weathering the perfect storm; the club is on a growth path if it stays another year in La Liga.
Levante still needs to transform and reduce the 56.2 million remaining owed by creditors under the ten-year restructuring plan, and the 69.9 million of debt not included in that plan. This burden affects the league’s Financial Fair Play margin and hampers player registration.
Danvila’s next step will be to close the deal with EDR and decide whether to seek a new travel partner after three years of management. The club’s financial stability will depend on the successful debt restructuring and continued presence in La Liga.
