Sporting Braga, through its General Council (CG), has withdrawn the proposal to change the club’s statutes, which was presented to its members for consideration at an extraordinary general meeting (AG) this Saturday.
As Lusa was told by several sources present at the most attended main meeting in Minho in recent years, which took place in the club’s multi-purpose pavilion, the President of the General Council, Luis Machado, officially responsible for preparing the proposal to change the statutes, proposed to withdraw it during the GA after relevant requests from several partners.
The most controversial change was the proposal to delete the clause according to which in all sports corporations (SAD) in which Sporting de Braga participates, “existing or future, the majority of the capital will be retained, directly or indirectly, for social status and the number of votes corresponding this corporate position.”
Sporting de Braga owns 36.99% of SAD shares, Qatar Sports Investment (an enterprise beneficially owned by the State of Qatar and which owns the French club Paris Saint-Germain) – 29.60%, Sundown Investments – 17.04%, with Of this, 16.37% is distributed to the category “other” shareholders.
Taking into account the controversy caused by those who read in this proposal an intention or an open door for the abdication of the SAD government – and who understand that the club must fight for the majority – and after several speeches during the GA asking for this, the GC withdrew the proposal for changing the charter.
At the opening of the meeting, Sporting Braga president Antonio Salvador considered the fans’ desire for the club to strengthen its position in SAD to be “legitimate” and expressed his willingness to buy shares from small shareholders.
Regarding the most controversial proposal, although the change aims to “adapt the statute to reality” and defend that “the club’s current participation in SAD is absolutely in its interests,” Antonio Salvador said: “Understand and accept that there are those who want the club to further strengthen its position in South Africa, and that this demand is legitimate, given that small shareholders number about 16%.”
In this sense, the Arsenalist leader issued a “challenge” to the members who are also shareholders of SAD, in the sense that they would “give up their shares by donation in order to allow the club to increase its position in the share capital of SAD.”
“For those who do not wish to simply donate shares, the club may be able to negotiate an expensive acquisition, so they should contact us,” he added.
Author: Lusa
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.