The largest shareholder of Seville, José María del Nido Benaventewho is not giving up on his efforts to regain control of the company now headed by his son, asked the judge to appoint a neutral president to lead the next Ordinary and Extraordinary General Meeting of Shareholders which will be held this Friday, January 10.
The former president is asking for this proposal as part of his request for precautionary measures to ensure that the Board will be formed within the law and with guarantees that his right to vote will be exercised, which the current managers plan to continue to reject him under a signed shareholder agreement with the top shareholders in 2019 and considered delinquent by Del Nido Benavente.
Tensions between the two sides at Sevilla, led by the father and son, have experienced moments of the highest level, exacerbated this week by the leak of images from stadium security cameras that support the club’s complaint against Del Nido Benavente and the penalty of 20 matches without access to their town for threatening and coercing one of the council’s lawyers, Lucas Fernández de Bobadilla.
The resolution, between now and tomorrow
The Commercial Judge number 1 of Seville must issue a resolution between this Wednesday and tomorrow Thursday at the request of Del Nido Benavente, who also remembers that his son cannot lead the Board table because in the current council all those who expired cases. Sevilla exceptionally called the Ordinary Shareholders’ Meeting on January 10, exceeding the limit established by the Capital Companies Law and club laws, that is, six months after the closing of the fiscal year, which ended on June 30. .
Since the positions are for 6 years, the current board has completed the legal term of office (2018-2024), and is required to vote for a new board of directors at the Shareholders’ Meeting. Del Nido Benavente’s lawyers therefore requested that the law require an external president to control the board until the election of a new council.
Once the grouping of shares used by the camp of Del Nido Carrasco and José Castro to prevent the largest shareholder from voting is also completed (it expired on December 10), the current managers only need to take advantage of the agreement with management to prevent it , with the majority of controlled actions, takes power, although it is a judicial matter.
However, Sevilla’s lawyers suggest continuing to lead this situation even if the opposing sides go to criminal proceedings against the club’s administrators for corporate crime. The delay in justice is another ally for Del Nido Jr. and Castro, CEOs, to continue to control the club for years beyond this.
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.
