The Shareholders' Meeting approves the salary for Ronaldo

It was a procedure, because Ronaldo Nazario owns the majority of the club's shares, but it is already official. The Brazilian will receive a salary from the club for his executive duties “which will be determined by the Board of Directors, in accordance with the budget for each season,” as explained in the statement issued by the club after the celebration of the General Meeting of Shareholders of Real Valladolid. Until now, since September 2018, the president did not charge for his work, but as he said at the press conference at the beginning of the month: “I see the most normal thing that whoever works, gets paid.”

Also, in this meeting the annual accounts were approved, the management report, the audit report and the proposal for the application of the fiscal year between July 1, 2019 and June 30, 2020. The club does not offer data, but the Diario de Valladolid reported today that a surplus of nine million euros.

The Shareholders' Meeting also proceeded to modify articles 12 and 16 of the company's Bylaws to carry out the meetings and adaptation of the resolutions of the Board of Directors and the General Shareholders' Meeting electronically, if necessary. Finally, the restructuring of the Board of Directors which will be formed by Ronaldo Nazário as president, two members, Matthieu Fenaert and David Espinar, and the non-director secretary, Javier Ferrero, which It supposes the departure of the former president and current honorary president, Carlos Suárez Sureda.