The members met in a general meeting
The sale of 46 percent of V. Guimarães SAD was approved by a large majority of its members, at a general meeting held on Friday night, in the club’s booth. At a magna meeting with nearly 1,400 registered members, one of the most engaged in recent years, there were 966 votes in favor and 135 against.
Thus, the prior agreement between V. Guimarães and the V Sports Fund to purchase 46 percent of the company’s shares for 5.5 million euros will go ahead. In a statement, Vitória reported on the decision, stressing that “the club will continue to be the majority shareholder”.
According to the information previously collected registerMany of the interventions requested by registered members expressed support for the sale, and those present generally reacted with applause, so it was soon realized in the General Assembly that the sale would go ahead. One of these interventions was made by former President Miguel Pinto Lisboa, whose words thanked the current President.
Antonio Miguel Cardoso revealed that the €20m credit line, which had raised some doubts in the supervisory board, would be awaiting approval at future GMs and that Vitória would have preemptive rights if the investor wanted to resell the shares. He also added that SAD needed to make €3 million to show a profit at the end of the season and that the prior agreement with V Sports had already led to a deposit going into Vitória’s coffers, which had to be returned if ‘yes’ did not win.
Thus, the agreement between Vittoria and the Fund, as it was established, will enter into force within the next month.
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