Cádiz querella over CVC funds archived

Cádiz has announced the filing and free dismissal of a criminal case against members of its Board of Directors over the management of funds coming from the CVC fund. As the club explains, the decision follows a complaint that challenged the destination of €7.032m received in the first installment of the agreement, along with how that money was reflected in the club’s annual accounts.

Court archive ends the case

According to the Cádiz statement, the Instructing Section of the Cádiz Trial Court concluded that there are not enough elements to attribute any criminal relevance to the facts, nor indications that justify continuing the proceedings. The ruling argues that the allegations do not go beyond indeterminate assumptions, with a backdrop unrelated to the genuine purpose of criminal justice.

What was investigated

The investigation focused on operations linked to Gades Sports Technology Industry FCRE, Sport City Cádiz, the Sportech project, and the Delphi land. The club says the outcome confirms the legality and transparency of its board’s actions.

The process had been brought by Calambur, a company led by Enrique Pina, and questioned both how the funds were used and their accounting trail. With the dismissal, the matter is closed in the criminal track, though other routes may remain depending on the parties involved.

MARCA reports the outcome based on the club’s announcement.