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43°29′ N 3°48′ W

Racing de Santander

Tier 1LaLigaSantander, Cantabria, SpainOn the globe

Founded
23 February 1913
Ground
Campos de Sport de El Sardinero21,700 seats · opened 1988
Full name
Real Racing Club
Website
realracingclub.es
Reserve side
Rayo Cantabria

Who owns Racing de Santander

Racing de Santander is controlled by Sebman Sports International, which holds 74%.

Owned by investorsOwner based at home: Spain

From the pitch to the top

The company that fields the team, then each holder above it.

Fields the first teamReal Racing Club de Santander, S.A.D.Sociedad anónima, Spain, NIF A39316864
  • 74%controls
    Sebman Sports InternationalCompany, SpainSince July 2023, figure as of July 202374% when the sale was agreed in July 2023; 2Playbook (2026) names Sebastián Ceria as the club's owner.Medium confidenceSources: Grupo PITMA, Relevo, 2Playbook
    • Stake not knownunclear
      Manuel HigueraPerson, SpainFigure as of July 2023Medium confidenceSource: Grupo PITMA
    • Stake not knownunclear
      Sebastián CeriaPerson, ArgentinaFigure as of July 2023Co-owner with Manuel Higuera; the split is not reported. 2Playbook calls Ceria the club's owner (2026).Medium confidenceSources: Grupo PITMA, 2Playbook

Changes of control

  1. 11 July 2023

    Sebman Sports International took control (74%) from Grupo PITMA.

    Binding agreement announced on 11 July 2023, subject to authorisation by the sports authorities. The completion date was not found; 2Playbook (2026) names Sebastián Ceria as the club's owner.

    Medium confidenceSources: Grupo PITMA, Relevo, 2Playbook

Racing de Santander’s finances

From its published accounts and league records. Figures compare only with clubs at the tier it played that season.

Against its tier

Racing de Santander's revenue of €19.3m is the 4th highest of the 16 Segunda División clubs with published accounts

In 2024-25 it spent €0.66 on staff for every €1 of revenue; the typical Segunda División club spent €0.79.

  • Racing de Santander
  • Other Segunda División clubs
Revenue16 clubs
Staff per €1 of revenue16 clubs

Each club's newest recorded accounts since 2021–22, at the tier it played that season. If that year's revenue cannot be separated from player trading, the club is omitted rather than using an older year. Coverage counts comparable accounts, not every club with financial data. Revenue excludes player-sale income. Where that income is included in the published total, we subtract the statement's separately reported player-trading figure. Some statements group loan fees and other player income with sale gains; those are removed together. Otherwise loan fees remain included. These are comparisons across accounting formats, not identical revenue definitions. Racing de Santander: Reported revenue €19.3m; player-sale gains already excluded. The scales are logarithmic.

Revenue€19.3m2024-25
Staff costs€12.8m2024-25
Net result€716k2024-25
TV money from the league€6.56m2024-25
Equity
€6.74m
accounts, 2024-25
Squad cost limit
€12.1m
maximum, 2025-26
Public money
€7,500
awarded, 2026, 1 records

The accounts

Real Racing Club de Santander, S.A.D., the entity that fields the team · 2019-20 to 2024-25

2024-25Tier 2 · audited2023-24Tier 2 · audited2022-23Tier 2 · audited2020-21Tier 32019-20Tier 2
Profit and loss
Revenue€19.3m€14.4m€10.6m€1.15m€9.03m
TV money€6.79m€6.38m€5.72m€126k€6.06m
League and federation distributions€142k1——€1.25m2—
Matchday€6.04m3€4.20m4€3.51m5€639k6€2.09m7
Sponsorship€3.82m8€2.18m9€1.21m10€390k11€881k11
Commercial€2.57m12€1.50m12€31.9k12——
Subsidies€959k13€306k€422k€409k€454k
Other revenue€392k14€432k15€246k15€450k15€587k15
Player sales€4.46m16€208k17€5.01m18€913k19€1.22m19
Staff costs€12.8m20€9.41m21€9.28m22€3.29m23€5.87m24
Wage bill€11.5m25€8.43m25€8.34m25€2.73m26€5.29m26
Players' wages€8.73m27€6.72m27€6.87m27€1.57m28€3.94m28
Other operating costs€7.73m€4.92m€4.45m€1.67m€2.96m
Travel€1.05m€624k€440k€103k€254k
Player amortisation€786k————
Other depreciation€1.07m29——€1.03m30€984k30
Operating result€2.15m€542k€2.71m−€1.60m€1.51m
Financial result−€1.12m−€1.04m−€1.03m−€839k−€1.08m
Result before tax€1.02m−€496k€1.69m−€2.44m€428k
Income tax€307k−€467k€640k−€656k31€87.4k
Net result€716k−€29.9k€1.05m−€1.78m€341k
Balance sheet
Total assets€56.9m€51.9m€47.6m€45.0m€47.7m
Non-current assets€48.9m€45.8m€43.1m€44.0m€44.3m
Player registrations (book value)€2.57m€1.56m———
Property and equipment€29.0m€28.2m€27.5m€27.9m€28.4m
Current assets€8.00m€6.07m€4.44m€993k€3.40m
Transfer fees receivable€2.32m32————
Cash€1.73m€1.14m€469k€14.1k€600k
Equity€6.74m33€6.68m34€2.34m35€5.94m36€8.15m37
Share capital€10.9m€10.9m€5.92m€5.92m€5.92m
Liabilities€50.1m€45.2m€45.2m€39.0m€39.6m
Non-current liabilities€41.0m€37.6m€33.8m€35.4m€29.9m
Current liabilities€9.14m€7.63m€11.4m€3.59m€9.71m
Provisions€1.61m38€780k38———
Financial debt€4.69m39€3.83m40€3.11m41€3.03m42€4.20m43
Tax and social security debt€1.08m44€692k45€1.08m46€275k47€390k48
Transfer fees payable€1.69m49——€40.5k50—
Shareholder loans€24.1m51€23.1m51€24.3m52€19.0m53€16.1m53
Cash flow
Cash from operations€3.98m€263k−€2.85m−€2.85m€1.67m
Cash from investing−€3.02m−€2.82m€1.48m€947k−€1.21m
Cash from financing−€377k€3.23m€1.45m€1.32m−€822k
Net change in cash€583k€674k€82.9k−€585k−€362k
Money from owners
Capital increase€16.6k54€5.02m55——€2.00m56
Transfers and people
Employees1505710158915985607361
Players24622162226221622562
Notes on 62 figures, in the accounts’ own words
  1. League and federation distributions: Ingresos LaLiga, in other operating income.
  2. League and federation distributions: Ayudas al descenso (other operating income).
  3. Matchday: Competitions €2,457,595.67, members and season tickets €3,584,422.08.
  4. Matchday: Competitions €1,570,573.33, members and season tickets €2,625,590.30.
  5. Matchday: Competitions €1,162,784.47, members and season tickets €2,351,910.64.
  6. Matchday: Competitions €40,295.07, members and season tickets €598,504.18.
  7. Matchday: Competitions €461,334.04, members and season tickets €1,626,969.04.
  8. Sponsorship: Sponsorship €1,586,466.51 (inside ingresos comerciales) and advertising €2,237,632.60.
  9. Sponsorship: Sponsorship €825,130.00 (inside ingresos comerciales) and advertising €1,356,967.01.
  10. Sponsorship: Sponsorship €744,951.00 (inside ingresos comerciales) and advertising €464,908.68.
  11. Sponsorship: Ingresos de publicidad.
  12. Commercial: Shop sales (ventas tienda).
  13. Subsidies: Subvenciones a la explotación y otros.
  14. Other revenue: Other operating income (otros).
  15. Other revenue: Ingresos accesorios y otros de gestión corriente.
  16. Player sales: Deterioro y resultado por enajenaciones: gains on player transfers €4,500,015.21 (transfers €3,600,000, other €900,015.21) less losses of €41,990.76.
  17. Player sales: Income from the sale of federative or training rights (resultados por enajenaciones).
  18. Player sales: Income from the sale of federative or training rights (resultados por enajenaciones); the club held no player registrations at the year end.
  19. Player sales: Gain on disposals (resultados por enajenaciones y otras); the notes give no breakdown and the club held no player registrations.
  20. Staff costs: Note 17: non-sporting staff €3,116,828.33, sporting staff €9,660,983.09.
  21. Staff costs: Note 17: non-sporting staff €1,868,315.85, sporting staff €7,542,782.09.
  22. Staff costs: Note 17: non-sporting staff €1,382,877.15, sporting staff €7,896,480.02.
  23. Staff costs: Note 16.2: sporting staff €2,482,595.31, non-sporting €810,731.09.
  24. Staff costs: Note 16.2: sporting staff €4,974,396.78, non-sporting €891,177.09.
  25. Wage bill: Sueldos y asimilados (note 17).
  26. Wage bill: Sueldos y asimilados (note 16.2).
  27. Players' wages: Registrable squad cost (plantilla deportiva inscribible en LaLiga).
  28. Players' wages: Wages of the registrable squad (sueldos plantilla deportiva inscribible), without Social Security.
  29. Other depreciation: Tangible €542,898.26 and intangible other than players €529,244.67.
  30. Other depreciation: All amortisation and depreciation: the balance sheet carries no players' registration rights.
  31. Income tax: Tax income.
  32. Transfer fees receivable: Entidades deportivas deudoras por traspasos/cesiones, short term.
  33. Equity: Includes €20,818,802.72 of capital grants; fondos propios −€14,074,557.19.
  34. Equity: Includes €21,469,227.78 of capital grants; fondos propios −€14,790,149.10.
  35. Equity: Includes €22,120,290.94 of capital grants; fondos propios −€19,776,809.26.
  36. Equity: Includes €23,506,178.37 of capital grants; fondos propios −€17,570,407.71.
  37. Equity: Includes €23,941,954.03 of capital grants; fondos propios −€15,788,251.83.
  38. Provisions: Long-term provisions.
  39. Financial debt: LaLiga-CVC participating loan €3,849,991.70 and ICAF loan €840,000; excludes €2,850,604 owed to OPE Cantabria and for the trademark buyback.
  40. Financial debt: LaLiga loan €900,000 and LaLiga-CVC participating loan €2,929,125.61; €2.38m of debts with other entities (OPE Cantabria, ICAF) not included.
  41. Financial debt: LaLiga loan €1,800,000 and LaLiga-CVC participating loan €1,306,958.39.
  42. Financial debt: Other financial liabilities: OPE Cantabria €1,790,000, Instituto de Finanzas de Cantabria €1,200,000 and other €19,492.44 long term, €25,207.68 short term.
  43. Financial debt: Other financial liabilities: €3,450,154.86 long term (OPE Cantabria €1,790,000, Instituto de Finanzas de Cantabria €1,400,000, AEAT interest €218,554.03, other €41,600.83) and €746,825.79 short term.
  44. Tax and social security debt: Other debts with public administrations €1,005,621.61 and current income tax €74,022.74.
  45. Tax and social security debt: Otras deudas con las Administraciones Públicas.
  46. Tax and social security debt: Other debts with public administrations €878,535.83 and current income tax €198,542.40.
  47. Tax and social security debt: Current taxes €208,167.40 and Social Security €67,314.23.
  48. Tax and social security debt: Current balances with public administrations (the €218,554.03 of long-term AEAT interest is in the debt line).
  49. Transfer fees payable: Debts with clubs for transfers and loans, long €484,000 and short €1,203,000.
  50. Transfer fees payable: Entidades deportivas acreedoras (short term).
  51. Shareholder loans: Credit line from the majority shareholder, Sebman Sports International, S.L. (debts with group companies), long term.
  52. Shareholder loans: Credit line from the majority shareholder, Sebman Sports International, S.L. (debts with group companies), long €19,300,121.08 and short €5,000,000.
  53. Shareholder loans: Loans from related companies Retlaw Cantabria, S.L. and Management and Professional Sports Development, S.L. (long term), from the 2018-19 debt restructuring.
  54. Capital increase: From BORME, not the accounts: 2024-07-05 act 301479: increase of €16,570, subscribed capital €10,934,290 after it. Basis: nominal capital registered in the Registro Mercantil and published in BORME section A; BORME states neither the share premium nor who subscribed, and an act is dated by its BORME publication, weeks after the deed.
  55. Capital increase: Aumentos de capital: €5,000,000 subscribed by Sebman Sports International by offsetting its loans (September 2023) and €16,570 in cash (February 2024).
  56. Capital increase: Aumentos de capital (statement of changes in equity); cash flow 'emisión de instrumentos de patrimonio'.
  57. Employees: Average headcount, including 9 directors and 50 youth-section players.
  58. Employees: Average headcount, including 9 directors and 27 youth-section players.
  59. Employees: Average headcount, including 9 directors and 26 youth-section players.
  60. Employees: Average headcount, including 9 directors and 22 youth-section players.
  61. Employees: Average headcount, including 9 directors and 6 youth-section players.
  62. Players: Professional squad, average.

2024-25: Sources: Real Racing Club, Boletín Oficial del Registro Mercantil (BOE)2023-24: Source: Real Racing Club2022-23: Source: Real Racing Club2020-21: Source: Real Racing Club2019-20: Source: Real Racing Club

League figures, wage bills, budgets and public money 11 records
SeasonTV moneySquad cost limitSource
2025-26€12.1mmaximumSource: LaLiga (Liga Nacional de Fútbol Profesional)
2024-25€6.56mpaid€12.3mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga
2023-24€6.29mpaid€7.36mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga
2022-23€5.72mpaid€8.51mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga (Liga Nacional de Fútbol Profesional)
Public money, season or yearTotalRecords
2026€7,500awarded1
2025€25kawarded1
2021-22€188kawarded2
  • 29 January 2026€7,500awarded from SOCIEDAD PARA EL DESARROLLO REGIONAL DE CANTABRIA, S.A.: Resolución SOD/AXT/25/25, de 16 de abril de 2025, ayudas a proyectos de colaboración Programa Xtela, “Tech FabLab” programa Retech, en el marco del PRTR, financiado por la Unión Europea -NEXT GENERATION EU. Reg (UE) 2023/2831 minimis general. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 13 August 2025€25kawarded from ENTIDAD PÚBLICA EMPRESARIAL RED.ES: Resolución de E.P.E Red.es por la que se convocan ayudas destinadas a digitalizar empresas del segmento IV(entre 50 y menos de 100 empleados) y el segmento V (entre 100 y menos de 250 empleados). Programa Kit Digital.. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 2021-22€118kawarded from Real Federación Española de Fútbol: Programa Impulso 23, Segunda y Tercera División RFEF, T. 2021/2022 (Segunda RFEF section): profesionalización €67,450 + desplazamientos €7,000 + fomento de la base €43,550; as amended by a later resolution.. Sources: Real Federación Española de Fútbol, Real Federación Española de Fútbol
  • 2021-22€70kawarded from Real Federación Española de Fútbol: Ayudas a clubes de Primera División RFEF, T. 2021/2022 (Primera RFEF section): profesionalización €50,000 + fomento de la base €20,000.. Source: Real Federación Española de Fútbol

Where Racing de Santander has played

123Sebman Sports Internation…16-1718-1920-2122-2324-2526-27
Season by season
  1. 2026-271LaLiga
  2. 2025-262Segunda División, champions
  3. 2024-252Segunda División
  4. 2023-242Segunda División
  5. 2022-232Segunda División
  6. 2021-223Primera Federación, Grupo 1, promoted
  7. 2020-213Segunda División B, Grupo 2-A
  8. 2019-202Segunda División, relegated
  9. 2018-193Segunda División B, Grupo 2, promoted
  10. 2017-183Segunda División B, Grupo 2
  11. 2016-173Segunda División B, Grupo 1

Not yet established

What we looked for and could not find in public sources. If you know, send a correction with a source.

  • The club's accountsNo free accounts found for 2016-17 to 2018-19, 2021-22 (seasons played in tiers 1–3). 2019-20 and 2020-21 came from a file misfiled under another club's folder on LaLiga's CDN.
Sources9

Also on Wikidata (Q12236).

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