Rayo Cantabria
Tier 4Segunda Federación, Grupo 1Santander, Cantabria, SpainOn the globe
Reserve side of Racing de Santander
- Founded
- 1926
- Ground
- Instalaciones Nando Yosu1,000 seats
Who owns Rayo Cantabria
Reserve side of Racing de Santander, fielded by the same entity.
Owned by investorsOwner based at home: Spain
As of 2026High confidenceSource: Wikipedia (es)
From the pitch to the top
The company that fields the team, then each holder above it.
- 74%controlsSebman Sports InternationalSince 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
- Stake not knownunclearSebastián CeriaFigure 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
Rayo Cantabria’s finances
From its published accounts and league records. Figures compare only with clubs at the tier it played that season.
- 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
| Line | 2024-25Tier 2 · audited | 2023-24Tier 2 · audited | 2022-23Tier 2 · audited | 2020-21Tier 3 | 2019-20Tier 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 | |||||
| Employees | 15057 | 10158 | 9159 | 8560 | 7361 |
| Players | 2462 | 2162 | 2262 | 2162 | 2562 |
Notes on 62 figures, in the accounts’ own words
- League and federation distributions: Ingresos LaLiga, in other operating income.
- League and federation distributions: Ayudas al descenso (other operating income).
- Matchday: Competitions €2,457,595.67, members and season tickets €3,584,422.08.
- Matchday: Competitions €1,570,573.33, members and season tickets €2,625,590.30.
- Matchday: Competitions €1,162,784.47, members and season tickets €2,351,910.64.
- Matchday: Competitions €40,295.07, members and season tickets €598,504.18.
- Matchday: Competitions €461,334.04, members and season tickets €1,626,969.04.
- Sponsorship: Sponsorship €1,586,466.51 (inside ingresos comerciales) and advertising €2,237,632.60.
- Sponsorship: Sponsorship €825,130.00 (inside ingresos comerciales) and advertising €1,356,967.01.
- Sponsorship: Sponsorship €744,951.00 (inside ingresos comerciales) and advertising €464,908.68.
- Sponsorship: Ingresos de publicidad.
- Commercial: Shop sales (ventas tienda).
- Subsidies: Subvenciones a la explotación y otros.
- Other revenue: Other operating income (otros).
- Other revenue: Ingresos accesorios y otros de gestión corriente.
- 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.
- Player sales: Income from the sale of federative or training rights (resultados por enajenaciones).
- Player sales: Income from the sale of federative or training rights (resultados por enajenaciones); the club held no player registrations at the year end.
- Player sales: Gain on disposals (resultados por enajenaciones y otras); the notes give no breakdown and the club held no player registrations.
- Staff costs: Note 17: non-sporting staff €3,116,828.33, sporting staff €9,660,983.09.
- Staff costs: Note 17: non-sporting staff €1,868,315.85, sporting staff €7,542,782.09.
- Staff costs: Note 17: non-sporting staff €1,382,877.15, sporting staff €7,896,480.02.
- Staff costs: Note 16.2: sporting staff €2,482,595.31, non-sporting €810,731.09.
- Staff costs: Note 16.2: sporting staff €4,974,396.78, non-sporting €891,177.09.
- Wage bill: Sueldos y asimilados (note 17).
- Wage bill: Sueldos y asimilados (note 16.2).
- Players' wages: Registrable squad cost (plantilla deportiva inscribible en LaLiga).
- Players' wages: Wages of the registrable squad (sueldos plantilla deportiva inscribible), without Social Security.
- Other depreciation: Tangible €542,898.26 and intangible other than players €529,244.67.
- Other depreciation: All amortisation and depreciation: the balance sheet carries no players' registration rights.
- Income tax: Tax income.
- Transfer fees receivable: Entidades deportivas deudoras por traspasos/cesiones, short term.
- Equity: Includes €20,818,802.72 of capital grants; fondos propios −€14,074,557.19.
- Equity: Includes €21,469,227.78 of capital grants; fondos propios −€14,790,149.10.
- Equity: Includes €22,120,290.94 of capital grants; fondos propios −€19,776,809.26.
- Equity: Includes €23,506,178.37 of capital grants; fondos propios −€17,570,407.71.
- Equity: Includes €23,941,954.03 of capital grants; fondos propios −€15,788,251.83.
- Provisions: Long-term provisions.
- 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.
- 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.
- Financial debt: LaLiga loan €1,800,000 and LaLiga-CVC participating loan €1,306,958.39.
- 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.
- 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.
- Tax and social security debt: Other debts with public administrations €1,005,621.61 and current income tax €74,022.74.
- Tax and social security debt: Otras deudas con las Administraciones Públicas.
- Tax and social security debt: Other debts with public administrations €878,535.83 and current income tax €198,542.40.
- Tax and social security debt: Current taxes €208,167.40 and Social Security €67,314.23.
- Tax and social security debt: Current balances with public administrations (the €218,554.03 of long-term AEAT interest is in the debt line).
- Transfer fees payable: Debts with clubs for transfers and loans, long €484,000 and short €1,203,000.
- Transfer fees payable: Entidades deportivas acreedoras (short term).
- Shareholder loans: Credit line from the majority shareholder, Sebman Sports International, S.L. (debts with group companies), long term.
- 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.
- 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.
- 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.
- 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).
- Capital increase: Aumentos de capital (statement of changes in equity); cash flow 'emisión de instrumentos de patrimonio'.
- Employees: Average headcount, including 9 directors and 50 youth-section players.
- Employees: Average headcount, including 9 directors and 27 youth-section players.
- Employees: Average headcount, including 9 directors and 26 youth-section players.
- Employees: Average headcount, including 9 directors and 22 youth-section players.
- Employees: Average headcount, including 9 directors and 6 youth-section players.
- 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
| Season | TV money | Squad cost limit | Source |
|---|---|---|---|
| 2025-26 | €12.1mmaximum | Source: LaLiga (Liga Nacional de Fútbol Profesional) | |
| 2024-25 | €6.56mpaid | €12.3mmaximum | Sources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga |
| 2023-24 | €6.29mpaid | €7.36mmaximum | Sources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga |
| 2022-23 | €5.72mpaid | €8.51mmaximum | Sources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga (Liga Nacional de Fútbol Profesional) |
| Public money, season or year | Total | Records |
|---|---|---|
| 2026 | €7,500awarded | 1 |
| 2025 | €25kawarded | 1 |
| 2021-22 | €188kawarded | 2 |
- 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 Rayo Cantabria has played
Season by season
- 2026-274Segunda Federación, Grupo 1
- 2025-264Segunda Federación, Grupo 1
- 2024-254Segunda Federación, Grupo 1
- 2023-244Segunda Federación, Grupo 1
- 2022-234Segunda Federación, Grupo 1
- 2021-224Segunda Federación, Grupo 2
- 2020-214Tercera División, Grupo 3, promoted
- 2019-204Tercera División, Grupo 3
- 2018-194Tercera División, Grupo 3
- 2017-184Tercera División, Grupo 3
- 2016-174Tercera División, Grupo 3
Sources11
- Resolución definitiva de concesión de ayudas Scouting 2026 Real Federación Española de Fútbol, Federation, September 2026. Checked 3 October 2026.
- Calendario Segunda Federación 2026/2027, Grupo 1 Real Federación Española de Fútbol, Federation, 30 June 2026. Checked 3 October 2026.
- LaLiga EA Sports: clubes LaLiga, League. Checked 3 October 2026.
- De Apollo a Taito Suzuki: ¿cómo el fútbol español ha llegado a los 30 dueños extranjeros? 2Playbook, News, 14 July 2026. Checked 3 October 2026.
- El Racing, vendido a Sebman Sports International Relevo, News, 11 July 2023. Checked 3 October 2026.
- PITMA vende su participación en el Real Racing Club a la entidad cántabra Sebman Sports International Grupo PITMA, Owner, 11 July 2023. Checked 3 October 2026.
- Relación de S.A.D. de fútbol Consejo Superior de Deportes, Regulator. Checked 3 October 2026.
- Instalaciones Nando Yosu Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- Wikidata Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- Segunda Federación 2026-27 Wikipedia (es), Wikipedia / Wikidata. Checked 3 October 2026.
- Rayo Cantabria Wikipedia (es), Wikipedia / Wikidata. Checked 3 October 2026.
Also on Wikidata (Q3019930).
