The Sevilla FC is sad held the most embarrassing General Shareholders’ Meeting in its history, where the board of directors was headed by jose castro did not conduct accounts, which received the disapproval of the majority of shareholders, but was suppressed Jose Maria del Nido Benavente voted on the hottest point on the agenda, the one that called for the removal and expulsion of all board members, an aspect that both the former president and some shareholders warned that it was an illegality that constituted a crime under the law of commercial companies.
The situation of the entity is therefore one of total block, without approved accounts and with the council having no power to maneuver.
With cries of “out, out” against Castro, where the security agents in the room had to calm the spirits and with shouts and threats a meeting was held where important items on the agenda were not approved. Neither the annual accounts, nor the management of the council, were rejected by 57% of shareholders. The current council presented accounts with losses of 24.8 million euros (in addition to the 41 million deficit of the previous year) and a budget for the current period of 243 million euros.
But the hottest thing came when, at the request of five shareholders, a corporate liability action was requested to terminate the board and appoint new positions, but Castro disallowed voting of shares of Of the nest taking advantage of the grouping of his actions that he did in 2018 to have three directors according to the rights of minorities. By not allowing, despite warnings, the vote of more than 30,000 shares (the highest package of the company), the table refuted these points on the agenda.
Former president called “trilero” and “cacique” Castro announcing a new celebration of the Board with a judicial summons. “There will be a Board that will be called by a judge and headed by a judge,” he snapped. In constant dialectical confrontations, the two protagonists put on an embarrassing spectacle, calling each other “Sevilla’s cancer.”
Several lawyers warned the table to “reconsider their decision” before drawing up the minutes of the Board to change the criteria given the “manifest illegality of refusing the vote” to the largest shareholder.
The legal journey ahead promises more confrontations, while the sporting situation continues to be more than worrying, with the team in the relegation places and an increasingly aging and depleted squad. The fighting continues and becomes increasingly bloody.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
