Founded in 1923, Celta is not as well known in La Liga as Real Madrid or Barcelona, but the fund-raising documents say that Celta is not low in profitability, with revenues of 47 million euros and a net profit of 9.8 million euros in the 2015 season. Celta's current president Carlos Morinho, 73, holds 52.2 percent of the club's shares and is the majority shareholder. Public reports say that this summer Morinho publicly announced his intention to sell his stake in Celta.

CITIC Group (CITIC) and China International Travel Service (CITS) have been reported by the Spanish media to be in the process of buying the company, but the fund-raising program circulating in the market shows that the buyer is the A-share listed company CITS United, which posted a net loss of 32.8752 million yuan in the first half of the year, with its net profit dropping by 182.34 percent year-on-year. CITS United headquartered in Nanjing, the main business for catering and tourism, last year to speed up business transformation, layout sports, set up a wholly owned subsidiary CITS United Sports Development Co. CITS joint top three shareholders for Xiamen contemporary asset management company limited, holding 14.57%; Xiamen contemporary tourism development company limited, holding 11.47%; Nanjing Jiangning state-owned assets management group limited, holding 4.73%.

The company's financial situation is not optimistic, the 2016 interim report shows that CITS United has a net loss of 32,875,200 in the first half of the year, with a net profit down 182.34% year-on-year, a return on net assets of -15.26%, and basic earnings per share of -0.07 yuan. Net operating cash flow -20.2363 million yuan, net investment cash flow -86.5547 million yuan, net financing cash flow of 270 million yuan.