Del Nido requests a new Extraordinary Shareholders’ Meeting

José María del Nido Benavente, former president of Sevilla and the company’s maximum shareholder, has requested a new Extraordinary General Meeting of Shareholders in its attempt to regain control of the club, now headed by his own son, José María del Nido Carrascoproclaimed on December 31 as the supreme leader after the replacement according to the management agreement of Jose Castro after 10 years of his rule.

The former president, who has requested three Extraordinary Meetings in the past six months(the one held in July, the December that coincides with the ordinary one and this), says that the board of directors does not provide the only director who is in the governing body with the information required at the financial level.

“After several attempts to approach the positions of large shareholders and unsuccessfully request information from the Board through my sole Director, I am obliged as a Sevillista and shareholder to call a General Shareholders’ Meeting and thus I asked the Board on “last Monday afternoon,” he warned. Of the nest in a message on social networks where he attached a letter to Sevillismo explaining the reasons why he made this decision.

Del Nido has already considered his son the “most illegitimate” president of the history” by Sevilla, because he remembers that his representation of his shares was notarized and several court decisions expressly forbade him to vote in the name of the titles of the Del Nido family, which owns about 30% of the entity’s share capital.

The Sevillian lawyer recalled that he showed in previous Meetings that more than 50% of the shareholders support him, as made clear when the current board did not approve the accounts or the management of the last two years.

The full letter from Del Nido Benavente is as follows:

“Since I know that the sporting situation of Sevilla FC is critical, and that I could be accused of destabilizing the Entity, nothing could be further from the truth if demagoguery is prohibited, I consider myself obliged as the biggest shareholder of Sevilla FC to request the economic information I am being denied, to find out if, as indicated to me, the economic viability of the Company is at risk.

Controlling more than 50% of the share capital attending the General Shareholders’ Meetings, and close to acquiring 51% of the total share capital of the Club, we are obliged to defend the assets of the Entity, which is why we cannot.

to stand idly by, unless we try, out of abandonment, to be jointly responsible for the folly into which we are led.

The only current solution is to change managers who are causing utter destruction. They do not have the capacity to manage a football club at the level of Sevilla Fútbol Club, with a budget of 250 million euros of expenses, fourth in Spanish professional football. Proof that they are real squatters is that in the previous General Meetings not only the management of the company failed, but they still did not approve the annual accounts of the company, although it did not seem to matter to them anywhere as long as they is constantly sitting on. their seats. privileges, fees and illegitimate seats.

Since January of last year, I have held meetings with the Alés and Carrión families, predicting to both of them what will happen due to the disastrous managerial drift being made, always getting no response, other than making the necessary change and that, If so, it is less traumatic than what needs to be done.

The two families knew from my direct voice the situation, the unfortunately fulfilled forecasts, the decadent drift of the Company and the need for a radical change in management. Answer: we have in the current situation.

The popular saying says that “every stick holds a candle” and it becomes increasingly necessary to expose, so that it is public knowledge of all Sevillistas, that it is the Carrión, Alés, Castro and Guijarro families that are not only support the current deficit. of management control, but among them more than 2 million euros of salaries per season are distributed in the economic and sporting situation.

Despite being the biggest shareholder of Sevilla FC, despite my repeated credible requests to access it, despite the fact that the Law obliges them to inform me of everything I request, nothing I have access to anything that happens in the Entity.

Without further ado, on December 13, 2023, my sole counsel requested information from the Board of Directors regarding the budget deviation in the “competition revenue” section of this season, as a result of the elimination in European competition. Furthermore, he asked about the steps to be taken by the Executive Committee in this regard, given the ineffectiveness of the Board of Directors. We did NOT get any kind of response.

On December 22, 2023, my sole director requested information from the Board of Directors regarding the credit we know we are talking about in the amount of 107 million euros (one of the 85 million with a maturity between 10 and 12 year and another for 22 million , renewable every 5 years and starting in November 2023). As always, we have NOT received any response.

I ask all the shareholders who support the current Board, some of them are businessmen: what would they do with their companies if they had a Board of Directors to manage them and bring them to a situation like they brought at Sevilla FC for the last few years?current squatters? Is it worth supporting the current managers

for the simple perk of a salary (even if almost 2.5 million euros are distributed) and the privileged situation of sitting in the box? And will the Carrión, Alés and Guijarro families allow the President and the 1st Vice President to switch positions in their companies after THREE bad years?

Due to this situation where the current OCCUPIED wants to mortgage the future of the entity with this credit application that we do not know if it has been signed or not and, since I did NOT get a response to the latest information requirements, in addition to credits intended to be subscribed, which could mortgage the Entity’s immediate future, as well as the budget deviations planned for this year (elimination of European competitions, firing of two coaches and hiring a new one) I am obliged to call a General Meeting of Shareholders to, at least, be in that forum where they answer these critical questions for the future and the future of our Entity. Since I own 25% of the share capital individually and that I represent the majority of the participating share capital on the Boards, I understand that I have an obligation to take the step I am taking and, to do so, I will continue to fight .

José María del Nido Benavente Former President of Sevilla Fútbol Club Member number 74