HCAP: target of 3,5 million francs and deadline on October 22

Context

TL;DR

• HCAP aims to raise 3-3,5 million francs
• The second round closes on October 22
• The fundraising is aimed at the fan base
• Davide Mottis identifies financial stability as the objective

Key facts

• Company → Hockey Club Ambrì-Piotta
• Authorized increase → 5 million francs
• Target → 3-3,5 million, including the March round
• Deadline → October 22
• Organizers → organized fan groups and blue-and-white support groups
• Interviewee → Davide Mottis, president of Ambrì

On Saturday afternoon, organized fan groups and blue-and-white support groups launched a fundraiser to subscribe to the HCAP shares that remained available following the capital increase decided in March by the Leventine club.

The second round aimed at the fan base

In the SEIDISERA interview on October 17, Ambrì president Davide Mottis ruled out the possibility that the mobilization indicated that the goal was still far away. His answer distinguishes between the significance of the two rounds. The March capital increase served a specific purpose and was aimed primarily at key shareholders; the current one, which closes on October 22, is instead aimed at the fan base.

Mottis explained that the new round arose from the need and the requests received from many fans who wanted to make a concrete contribution. Saturday's fundraiser is therefore linked to the request to involve all supporters in supporting HCAP. The president identified precisely this need as the reason for the second round.

In financial terms, the authorized capital increase amounts to 5 million francs. The target indicated by the president is an amount close to 3-3,5 million, including the March round. The figure was presented as an overall target, including the previous round.

In recent weeks, the club has pushed hard, including on social media, with various appeals to purchase shares. Mottis clarified that the insistence was intended to achieve the greatest possible success in the second round, despite a good response. He reported that the mobilization had received a strong response from fans and supporters.

Operational details

Financial stability as a priority

Mottis placed the fundraising within a broader project for Hockey Club Ambrì-Piotta. The president recalled that, ever since their election in February, they had identified two objectives: to regain some credibility and trust and to professionally reorganize HCAP.

The financial step is linked to the need to provide stability to the company in the medium to long term. Mottis's response linked the fundraising to a set of measures addressing the club's financial situation.

The priority objective is to ensure the company's financial stability in the medium to long term.

HCAP, the president explained, still has certain outstanding debt obligations. These stem in particular from the construction of what Mottis described as a magnificent home. There are also still obligations toward the various mortgage lenders. Added to these is the liability arising from the loans that the club benefited from during Covid and that must be repaid.

For this reason, the capital increase is accompanied by various financial recovery measures and other measures that will be implemented in the coming months. Financial stabilization is the outcome management wants to achieve through this set of steps.

In the framework outlined in the interview, regaining credibility and trust, professional reorganization, and financial stability were identified as parts of the same path. The debt obligations and repayment of the Covid loans are the concrete elements cited to explain the financial priority. The capital fundraising thus becomes part of the medium- to long-term path described by the president.

Key points

Expectations beyond the Gotthard

The next step mentioned in the interview concerns closing the capital increase, scheduled for October 22. Mottis said the club will take stock next week. Appeals in recent weeks, including through social media, accompanied the fundraising with the stated aim of achieving the greatest possible success in the second round.

The fundraising also had a dimension beyond the Gotthard. Asked about the presence of a representative from German-speaking Switzerland on the Board of Directors and possible investments from that part of Switzerland, Mottis answered affirmatively. He spoke of concrete and important signs of financial support arriving from the north of the Gotthard.

Among the elements mentioned was the event that also originated with the Donatoren-Club HCAP of the Canton of Uri. Participation was described as incredible, almost moving. For the president, it is a sign that something is moving in the right direction.

The club is looking to maintain this relationship. The expectations indicated by Mottis are twofold: to continue receiving support at the rink from fans and, above all, to open doors to possible commercial collaborations. The event was also seen as an opportunity to mend a rift that appears to have been healed.

The perspective outlined by the president therefore concerns more than support at the rink. Support from German-speaking Switzerland is also being considered for the commercial collaborations it can facilitate. Mottis reiterated that HCAP is not only a regional representative, but also an economic one. Next week's assessment will be the time indicated for taking stock of the second round.

Source: rsi.ch