Categories: Sports

Shareholders do not approve Sevilla's accounts and reject the dismissal of Castro and his Board of Directors

MADRID, 5 Dic. (EUROPA PRESS) –

This Monday, Sevilla shareholders did not approve the club's annual accounts during the General Shareholders' Meeting, while they also refused to approve the dismissal of president José Castro and his Board of Directors.

As reported on the entity's website, the shareholders did not support either the Annual Accounts, the Management Report, the Management of the Board of Directors, the Non-Financial Information Statement or the Distribution of results for the year ended.

The financial results were presented by the General Director of Sevilla, José María Cruz, who confirmed that they continue with losses, with a negative result of 17.2 million euros without taxes and 21.9 after taxes. “Compared to the previous year, even though both were negative, there are 6 million fewer losses, but losses nonetheless,” he explained.

The manager estimated the increase in turnover at 214.3 million and a new income record, with 259.6, while the cost of the workforce amounts to 193 million. The budget for this financial year 2023-2024 estimates a turnover of 201 million euros and an income of 238 million, resulting from adding to the turnover a total of 35 million euros for transfers and two million for other concepts. The cost of the workforce would be reduced to 163.4 million.

On the other hand, the shareholders rejected the dismissal of the members of the Board of Directors José Castro, president, Fernando Carrión, second vice president, and the directors Luis Castro, Francisco Guijarro, Gabriel Ramos and Carolina Alés. According to the club's website, the vote was individual for each member of the Board of Directors and yielded a negative vote of between 62 and 64 percent.

George Williams

George is a football fanatic, and he himself is a good football player. He does cover Football news from around the world, and share on Sportsfinding. He makes sure that the news content he creates are factually correct, and written in good English to meet the readers’ expectations.

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