Resolution Reached on the Sale of Estadio 'Fello' Meza
Cartaginés club announces successful resolution regarding the stadium amid auction concerns.
The Estadio José Rafael ‘Fello’ Meza, home to Club Sport Cartaginés, was scheduled for auction on May 5 and May 27 at 10 a.m., according to an announcement by STCR Costa Rica Trust and Escrow Company Limited Sociedad Anónima, the entity managing the trust safeguarding the club’s property.
This information was published in a local newspaper at the end of the previous month.
In a subsequent press release, Club Sport Cartaginés informed its sponsors, fans, and the general public that a satisfactory resolution had been reached concerning the trust affecting the stadium.
‘On April 4, we resolved the trust issue satisfactorily for all parties involved,’ the club stated.
The situation arose due to a significant debt associated with a trust established in 2017. Similar circumstances occurred four years prior when the club faced potential auction of its stadium due to financial difficulties.
Leonardo Vargas, the owner and president of Cartaginés, assured stakeholders that there were no current problems concerning the stadium.
He emphasized that the club has remained composed and has continuously met its obligations.
Vargas refrained from disclosing specific details about the resolution but stated that the information provided in the press release is all that will be shared.
‘I understand that the media may not fully comprehend the situation, but it is not beneficial for us to discuss it in further detail.
We have no issues with the stadium,’ he remarked.
The stadium is held under the Guarantee Trust of Club Sport Cartaginés-Castello Giordano, which was set up in 2017. An initial auction base amount of $2,382,588.78 was established, reflecting a portion of the original debt amounting to $2,574,686.
In a recent interview, Vargas indicated that the auction base figures represented the debt of the club but affirmed they have been managing their payments consistently.
‘If we were to lose the stadium, all my efforts over the years would be rendered meaningless,’ he commented, relating the auction amount to the outstanding financial obligation.
This information was published in a local newspaper at the end of the previous month.
In a subsequent press release, Club Sport Cartaginés informed its sponsors, fans, and the general public that a satisfactory resolution had been reached concerning the trust affecting the stadium.
‘On April 4, we resolved the trust issue satisfactorily for all parties involved,’ the club stated.
The situation arose due to a significant debt associated with a trust established in 2017. Similar circumstances occurred four years prior when the club faced potential auction of its stadium due to financial difficulties.
Leonardo Vargas, the owner and president of Cartaginés, assured stakeholders that there were no current problems concerning the stadium.
He emphasized that the club has remained composed and has continuously met its obligations.
Vargas refrained from disclosing specific details about the resolution but stated that the information provided in the press release is all that will be shared.
‘I understand that the media may not fully comprehend the situation, but it is not beneficial for us to discuss it in further detail.
We have no issues with the stadium,’ he remarked.
The stadium is held under the Guarantee Trust of Club Sport Cartaginés-Castello Giordano, which was set up in 2017. An initial auction base amount of $2,382,588.78 was established, reflecting a portion of the original debt amounting to $2,574,686.
In a recent interview, Vargas indicated that the auction base figures represented the debt of the club but affirmed they have been managing their payments consistently.
‘If we were to lose the stadium, all my efforts over the years would be rendered meaningless,’ he commented, relating the auction amount to the outstanding financial obligation.