Nomadar (NASDAQ:NOMA) said its planned acquisition of a majority interest in Fox Soccer Academy remains on track to close in November, following the signing of a definitive agreement in mid-September. The companies said they have already begun collaborating ahead of closing on initiatives involving player development, international programs and digital training.
During an investor discussion hosted by Alliance Advisors Investor Relations, Nomadar CEO Americas and Board Director Joaquín Martín said the transaction is intended to connect Fox Soccer Academy’s youth soccer operations in the United States, United Kingdom and Austria with Nomadar’s high-performance training, or HPT, program and Cádiz Club de Fútbol ecosystem in Spain.
Nomadar, whose majority shareholder is Cádiz Club de Fútbol, operates across sports, technology, tourism, real estate and experiential projects, Martín said. Fox Soccer Academy, founded about 11 years ago by Christian Fuchs and Raluca Gold-Fuchs, provides youth development programs, camps, clinics, showcase events and international opportunities for players.
International Player Development Focus
Martín described the combination as a “natural fit,” citing Fox Soccer Academy’s presence in New York, North Carolina, the U.K. and Austria, alongside Nomadar’s training methodology in Cádiz. He said the companies expect to combine a Premier League-inspired curriculum with training systems associated with Cádiz and Spain’s LaLiga.
Christian Fuchs, Fox Soccer Academy’s co-founder, managing partner and technical director, said the partnership is designed to broaden the academy’s offerings while retaining a personal approach to working with players and families.
“The player is always in the centerpiece of the operations,” Fuchs said. He added that the Cádiz relationship could provide international soccer experiences and exposure to professional environments, although opportunities would depend on individual players’ development and readiness.
Martín pointed to several players in Nomadar’s HPT program who recently received national-team call-ups, including Mario Lobato to Spain’s under-15 team, Dilan Zárate to Spain’s under-20 team and Jan Saltzman to Sweden’s youth national team.
Raluca Gold-Fuchs said Fox Soccer Academy seeks to distinguish itself through international exposure for its players. The academy has arranged travel and competition opportunities in the U.K., Spain, Austria and other European locations, she said, aiming to help players understand the level of competition beyond local U.S. leagues.
Existing Academy Operations
Fox Soccer Academy currently has about 2,100 registered players across its locations, according to Raluca Gold-Fuchs. Approximately 70% are registered season-long team members participating in local or higher-level leagues, while the remaining 30% participate in camps, clinics, showcases and other programs.
She said the academy’s voluntary retention rate is about 95%. Players generally begin in competitive programs at the under-9 level and can remain through under-19 teams.
Fuchs said the operating model differs by country. In the U.S., the academy is largely team-based. In the U.K., it operates a full-time program for players ages 16 to 19 that includes tutoring and academic coursework, while younger participants receive recurring supplemental training. In Austria, the academy focuses more heavily on individual training through annual subscriptions.
Fox Soccer Academy signs players to one-season agreements, Raluca Gold-Fuchs said. Players can move to another academy or pursue tryouts with professional clubs after a season, and the academy said it supports players who receive professional opportunities. She noted that the academy may be entitled to training compensation when a player signs with a professional club, depending on the relevant league and country, though it may waive compensation in some cases.
Cross-Selling and Digital Programs
Nomadar expects to pursue growth through two main channels: expanding Fox Soccer Academy’s existing operations and connecting academy participants with Nomadar’s broader sports, tourism and international-training offerings, Martín said.
He said the companies see potential to create pathways for players and families traveling between the U.S. and Europe, including participants seeking overseas experiences, college-related credentials or professional development opportunities. Martín said the near-term focus will be integrating operations and strengthening activity across the U.S., U.K., Spain and Austria before considering broader geographic expansion.
Nomadar is also developing a digital platform for its HPT methodology, Martín said. The platform is intended to enable players who have participated in person to continue accessing training content after returning home, while also creating a digital entry point for players who have not attended in-person programs.
Raluca Gold-Fuchs said Fox Soccer Academy is interested in incorporating the technology into its operations, particularly at its permanent New York location. Martín said Nomadar applies training and technology practices used with Cádiz’s first team and professional academy to its international programs, including approaches related to physical preparation and injury reduction.
Closing Timeline and Next Steps
Martín said the definitive agreement has been signed and the remaining closing items are primarily legal and administrative. The companies expect the transaction to close during November.
Following closing, Nomadar plans to focus on operational integration, efficiency and cross-selling opportunities across player development, sports tourism and related initiatives, Martín said. Fox Soccer Academy’s founders said they expect to remain involved in the business and emphasized continued attention to player education, development and family relationships.
About Nomadar (NASDAQ:NOMA)
We are the innovation arm of Cádiz CF, a professional soccer club which currently competes in the Segunda División. We currently have four proposed business verticals, which are in various stages of development. Through June 30, 2025, the Company had engaged in limited operations until 2025 when the Company began generating revenue from providing services under commercial contracts and purchase orders entered into in the ordinary course of business. On January 10, 2025, the Company entered into a framework agreement with Cádiz CF, whereby, among other things, Cádiz CF agreed to provide technical training staff for players enrolled in the Company’s programs, and the Company agreed to integrate the Company’s training methodologies into Cádiz CF’s training sessions (the “Framework Agreement”).
