Las Palmas: History, Sponsors, Net Worth & Trophies

Las Palmas Club de Futbol which can be counted as a small football club in Spain. It was founded on August 22, 1949, through a merger of five clubs in the Canary Islands (Marino, Victoria, Gran Canaria, Athletic, and Arenas). While they may not rank with the most illustrious football clubs in Spain, they do represent a sort of small, successful model. As compared to the rest of Spanish football clubs, Las Palmas has a moderate success, a fanbase, and an average financial standing. Their fortunes have hit the lows and ups, as they reached the primary division of Spanish Football, La Liga, in two years after its foundation. After four decades, in 1988, they were relegated to the second division. In between, they had spasms of success, such as finishing second place in La Liga, reaching the Copa Del Rey finals. Las Palmas carries the name La Amarilla because of their club colors, and Estadio Gran Canaria is their home stadium. The players have devised an affectionate kind of nickname for themselves called "pío-pío," which mimics the call of the Canary bird.

After the lowest finish in the 2024-25 La Liga season. Las Palmas got relegated to the second division, and currently sit with bringing the team together, aiming for that long-awaited success of promotion day once more into the La Liga. Let's explore Las Palmas fans, sponsors, stadium, home ground, history, net worth, and trophies.

Origins of Las Palmas

Founded in 1949, Unión Deportiva Las Palmas was created out of five smaller clubs in the city. They spent much time in the upper echelons of Spanish football before their relegation in 1988. The 1988/89 season was the mark of the worst record in the history of the club. The team, in the first season of its history, won the regional league and got promoted to La Liga.

In the 50s, there was unprecedented stability in the top flight, as Las Palmas quickly gained a positive image and recognition as a domestic club of La Liga. Their championship started with a bang, reaching third place. This era of Las Palmas received wider applause, for the players techniques, styles, and team efforts. The dream within the top flight diminished very quickly, by 1956, as they were relegated. But despite that, with top signings and a great squad, Las Palmas aimed to make a top-notch squad to finish in a higher place.

The relegation hit the barriers like a car crash, as the club was in the midst of a crisis. To save or solve the club, it began buying foreign players, which did not fit well with the fans, as it resulted in imminent loss of identity of the club; it felt like the club did not stay true to its roots. However, the lower level of Las Palmas, star players like Tonono, Guedes, and Castillian were built in the Yellow academy. A ‘golden age’ was formed, which led Unión Deportiva Las Palmas to stay in the First Division of the Spanish football league for nineteen seasons, characterized by a unique playmaking style, vision, and techniques. After years of darkness, the light shone on them again, as they found their success. In 2006, Las Palmas achieved success in the Segunda Division A, under Miguel Ángel Ramírez, the board of directors, including passing for playoffs, and promotions. The yellow team got the promotion, after they beat Real Zaragoza by 2-0 a their home stadium. Las Palmas have spent the last three and a half decades in the second and third divisions of Spanish football, which is their current name. In between, they saw a few promotions and multiple demotions before eventually getting promoted to the Spanish top-flight La Liga in the 2023/24 season. However, after a short and forgettable season, they are relegated back to the Segunda division.

Las Palmas Net Worth & Value

For the club founded after a merger of five clubs, let us take note of its net worth and value. Las Palmas net worth and value stand at €100.45 million, according to the latest report in 2024. This figure accumulates the club's financial performance, net value of the players, such as Mika Maramol was valued at €80 million. The team's recent budget for 2024-25 was recorded €77.3 million. However, after a poor performance and standing in La Liga, only in 19th place, they were forced to be relegated to the second division. Looking at the club's string of substandard performances, it is not surprising they got relegated, as they have consistently maintained the rhythm of going back and forth from the first division to the second division, or vice versa.

Speaking about the financial value of the club, Las Palmas will face more pressure, in terms of competitiveness, as they aim to get back into La Liga. However, this relegation also forced out their large chunk of revenue, i.e, their broadcasting deals from La Liga, and other sources of revenue.

Las Palmas Sponsors

Overall, Las Palmas accounts for 59% of the total sponsorship, with approximately 32 brands. Those high spending brands include Domingo Alonso, Kalise, Gran Canaria, Be Cordial, Pepsi, Hummel, and others. Their biggest sponsor is Gran Canaria, whose agreement is at $2.4 million. Even though sponsorship values vary from brand to brand, it depends on the deal offered by the rights holder. The list of Las Palmas sponsors includes: