Nomadar Corp (NASDAQ: NOMA) is a sports and outdoor company that operates as the commercial and innovation arm of Cádiz CF, a professional soccer club competing in the Segunda División of La Liga. The company generates revenue by providing services under commercial contracts and purchase orders, with limited operations beginning in 2025. Nomadar's activities are organized across four proposed or active business verticals in various stages of development, including high-performance training academies, sports apparel and merchandise sold under an exclusive license for the 'Mágico González' brand, and planned development of a facility called JP Financial Arena. The Mágico González brand license was granted by Cádiz CF S.A.D. under an exclusive agreement dated July 23, 2024. The company held an estimated remaining financial requirement of approximately €123 million (approximately $133.7 million) beginning in 2027, which it intends to fund through equity financings. Rafael Contreras serves as CEO and Co-Chairman, with Carlos Lacave as CFO, as of March 31, 2026.

Revenue model

Revenue is generated through commercial service contracts and purchase orders, including player registration and enrollment coordination, accommodation management, training equipment provision, and merchandising under the Framework Agreement with Cádiz CF, effective January 10, 2025. The company also intends to sell branded sports apparel and merchandise under an exclusive license for the Mágico González brand.

Products and services

High-performance training academies operated in partnership with Cádiz CF; branded sports apparel and merchandise sold under an exclusive license for the 'Mágico González' brand (license granted by Cádiz CF S.A.D., dated July 23, 2024); planned JP Financial Arena development; player accommodation and training coordination services.

Customers and end markets

International soccer players enrolled in high-performance training programs; consumers of sports apparel and merchandise. End markets include youth and professional soccer training and sports retail.

Value-chain role

Nomadar operates as a commercial and operational intermediary between Cádiz CF and international players and consumers, coordinating player registration, accommodation, training integration, and merchandising. It holds exclusive licenses for the Mágico González brand and high-performance training activities from Cádiz CF S.A.D.

Geographic exposure

Operations are tied to Cádiz, Spain through the partnership with Cádiz CF S.A.D. and subject to La Liga regulatory oversight. The company is incorporated and files in the United States and is listed on Nasdaq.

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Amusement & Recreation Services