Málaga will hold its General Shareholders’ Meeting this Thursday, December 30, starting at 12:00, summoned by the judicial administrator of the club, José María Muñoz. It will serve to approve the accounts for the 2020-21 financial year, explain in detail the agreement between LaLiga and the international investment fund CVC Capital Partners and the budget planned for this current season will also be announced.
Muñoz will appear at the meeting as judicial administrator of Málaga CF and also of the companies NAS Spain 2000, holder of 96.89% of the club’s shares, owned by Abdullah Al Thani (51%) and BlueBay (49%) . And precisely the hotel company, in line with the holding of the General Shareholders’ Meeting, has again sent a letter to the court to which AS has had access accusing Muñoz of managing the club in a way that “It does not differ much from what the investigated Mr. Al Thani had been doing, that is, ignoring the legitimate interests of the partners and systematically breaching their legal and statutory obligations”.
Among other things, the administrator is criticized for not preparing the annual accounts and Failure to call an Extraordinary General Meeting to acknowledge the resignation of the sole administrator of the company, Mr. Moayad Shatat, and appointment of a new statutory administrative body.
The letter adds that the judicial administrator of Málaga convenes the meeting and will attend it on behalf of NAS Spain 2000 SL “without having met once, or heard the opinion of its partners, on the matters included in the agenda of the meeting to celebrate; and thus, at the mentioned general meeting, Mr. Muñoz Jiménez will vote, on behalf of the majority shareholder NAS Spain 2000 SL, the management of Mr. Muñoz Jiménez, as judicial administrator of Málaga CF SAD ”.
The hotel company alleges that a meeting must be convened “when requested by one or more partners representing at least five percent of the share capital” and that in that case it must be convened “within two months of the date on which it is it would have required notarially to the administrators to summon it ”. This request was notified by Management Empresarial Málaga SL, whose shares belong to BlueBay, on July 20.