The ordinary general meeting of shareholders of Sevilleheld this Monday in a hotel in the capital of Seville, rejected for the second year in a row, with a thin majority of 53.36%, the accounts for the year presented by its board of directors.
As established by the commercial law, the vote was repeated regarding the accounts for the fiscal year 21/22, which was rejected in the ordinary meeting last December, with the result again contrary to the board of directors led by José Castro .
In the 22/23 financial year, the club obtained a record income of 259.51 million euros – almost 215 million euros in turnover, including 35 from the sale of footballers and 10 in rare items -, despite fact that it showed losses of 19.27 million in the previous year and an accumulated deficit of more than 80 in the last three years.
Jose Maria Cruzgeneral director of the entity, assumed that he was not “satisfied with the economic results of the past years” because “after the pandemic”, he did not “know how to match the income with the costs”, which increased due to a “logical that sporting ambition.”
“In terms of costs, players and technicians account for the bulk of the increase in personnel costs. Hiring more personnel is greater in terms of the number of workers but cheaper. No we are too big and, respect all opinions, we are going to continue investing in professionals,” he said Cross.
The general meeting was marked by the hostility shown by the former president José María del Nido Benaventerepresenting more than half of the actions in the chamber, towards the leaders whose ouster they tried to force in a vote in which they did not participate after being denied a court order issued on Thursday.
The secretary of the board of directors, Alberto Perez Solanoreported at the beginning of the meeting that there was a quorum because there were 92,117 shares present in the room, 89.03% of Sevilla’s share capital, held by 194 attendees representing more than 1,800 shareholders.
Once the general meeting is established, Del Nido Benavente sat on the floor to warn that in his “card the representation of more than half of the represented capital”, so he asked to “vote on all points on the agenda”, although it was not planned that this would be the case due to effect of the agreement signed in 2017 by the main shareholders.
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.
