Club 08 Jun 2026

Clarification on the Contracting of Relegation Coverage

Club Atlético Osasuna issues clarifications following reports about coverage the club purchased related to the risk of relegation.

Following recent reports about coverage related to the risk of relegation purchased by Club Atlético Osasuna, the club wishes to clarify the following:

Osasuna purchased insurance to cover potential financial consequences stemming from possible relegation, a common practice in professional sports, particularly soccer. The club secured a 1.2 million euro policy to guarantee compensation of 6 million euros in the event of relegation.

The coverage was purchased through Howden, an internationally renowned insurance company with a strong presence in the sports sector, which has worked with other LaLiga clubs for years.

Documents issued by Howden and LaLiga, which accompany this statement, confirm that such policies are routinely used by clubs and sports organizations to protect against financial contingencies related to their activity.

LaLiga was aware of Osasuna’s purchase of the policy, as it was consulted during the process.

The purchase of this policy was also reported to the chairman of the club’s Control Commission and will be included in a report that the commission plans to issue in the coming days about this and other current matters. The club’s auditors were also informed.

Osasuna’s involvement in this matter was strictly limited to purchasing coverage from Howden to partially offset the economic impact of a potential relegation. The club reserves the right to take any actions necessary to defend its interests and reputation.

Certificate from Howden Ibérica Regarding the Operation

Certificate from LaLiga Regarding the Operation