“FC Porto is already for sale, you haven’t seen it yet. To sell part of SAD, the matter had to be referred to the General Assembly. The company’s management sold 30% of Porto Comercial. Commercial income from 40 to 50 million euros. This devalues FC Porto’s overall value since 30% of its revenue is already concentrated elsewhere. These are bad signs that we look at with concern.” This is how Andre Villas-Boas, at the home of FC Porto de Cantanhede, returned to the topic of selling part of the Dragao stadium and the associated income to an as yet undisclosed partner.
“As a partner, shareholder and candidate, last week I decided to send a letter to the management of FC Porto regarding the issues that are being resolved regarding FC Porto. The President will have eight days to respond, otherwise I will meet with the shareholders and then the communication will be direct and institutional with the CMVM and FC Porto, demanding the right of reply,” added the Porto presidential candidate.
For what CM As it turns out, the deal around the Dragao stadium is worrying Villas-Boas’s team, as it involves transferring up to 15 million euros of FC Porto’s income to private parties, creating problems for the treasury. However, it is unknown how long this obligation will last – they are talking about an agreement for 10-15 years.
Author: João Moniz
Source: CM Jornal
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