Categories: Sports

The General Meeting of Shareholders supports the management of the Betis Board of Directors

MADRID 18 Dic. (EUROPA PRESS) –

The shareholders of Real Betis Balompié gave their support this Tuesday to the current management of the club chaired by Ángel Haro after approving the thirteen points on the agenda submitted for debate and voting at the General Meeting of Shareholders corresponding to the 2023/2024 financial year, among them the income statement and the management of the last campaign and the approval of the statutory modifications proposed by the Board of Directors.

As reported by the green and white team, its Board of Directors shared with the shareholders some of the points of interest of the day, such as the income statement and the economic-financial situation of the institution, the capital increase carried out a few months ago and strategic projects such as the remodeling of the Benito Villamarín Stadium.

Director José María Pagola detailed the data relating to the company’s annual accounts and explained the positive effects of the capital increase. “It made LaLiga’s economic control allow for greater staff spending and served to significantly reduce the negative magnitude of its own funds. It was important, in turn, for the refinancing operation,” he stressed.

In addition, Pagola spoke of the importance of cost containment, especially in the event that the team cannot achieve its sporting objectives, the commitment to the youth team and the purchase of assets and focus on sales with the aim of improving the economic-financial situation.

For his part, the president of Real Betis, Ángel Haro, warned of a certain slowdown in income in the football industry and the need to be “prudent” in the management model. In this sense, he alluded to the need to make shorter squads that are complemented by youth players and stressed the importance of the capital increase “to maintain the level of the sports squad” because otherwise it would have meant “a dismantling of the equipment”.

What generated the most debate were some modifications to the articles of the Club’s Bylaws included in the last points of the agenda since several shareholders expressed their concern about these changes that could open the door to foreign capital, although the Board of Directors He reassured them by assuring them that they were obliged to adapt to current regulations.

“We have the massive support of the shareholders. We are a serious, responsible board that has demonstrated that it has the necessary management capacity to face the great challenges of the future,” said Ángel Haro, who praised “the constructive tone among Beticos” in this General Meeting of Shareholders.

For this reason, the leader, before the media, assured that he made “a very positive assessment” of this meeting where he noted “massive support.” “Some points have practically touched one hundred percent and the majority have all been above 92, for which, once again, I would like to thank all the shareholders for trusting this Board of Directors, and as I have said in my final speech, then with more strength to continue pulling the car,” he indicated.

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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