Simeone: I don’t imagine we’re favourites for the titleSimeone: I do not consider we’re favourites for the title
Atletico Madrid’s board has said it’s going to examine one other Spanish supreme courtroom ruling saying its management of the membership has been fraudulently achieved, whereas assuring fans that the “stability” supplied by the current regime will continue.
Spain’s highest court dominated definitively on Tuesday that a 2003 share offering overseen by present club president Enrique Cerezo, current chief government Miguel Angel Gil Marin and former president Jesus Gil y Gil shouldn’t have been allowed to take place, because the membership was then the topic of a judicial intervention.
The court docket verdict said that Cerezo and the Gil household didn’t legally have the authority to push by the share offering which consolidated their management of the membership at that time.
“The Supreme Court docket has resolved definitively the case relating to a share offering of Atletico Madrid [SAD], taken on the extraordinary normal shareholders meeting on June 27, 2003,” the decision says.
“…. Briefly, the court understood that a ‘fraud in legislation’ occurred within the entry made by Mr Cerezo Torres and Mr Gil y Gil in the membership’s accounts, which formally allowed them to attend as board members and vote on the share providing. This was another component within the fraudulent scheme designed to avoid the calls for made by the ‘Sports activities Law’.”
The ruling is a victory for fans teams including ‘Senales de Humo’ [which translates as ‘smoke alerts’], who for years have been preventing to win back management of their membership. Nevertheless it still stays to be seen whether the present Colchoneros administrators can overcome this authorized setback, as has happened beforehand.
Cerezo and Gil senior had been present in 2004 to have unlawfully gained control of Atletico with out investing any of their own money when it was transformed from a members [socios] membership right into a public company [UNHAPPY] 12 years beforehand.
But as a result of the authorized course of had moved so slowly that the statute of limitation had already handed, Cerezo and Gil’s son Miguel Angel have been capable of simply ignore that finding and remain in cost.
Whereas a court docket might now should decide who in reality owns a majority of Atletico’s shares, a swiftly launched club assertion mentioned it accepted the most recent verdict and would name an AGM to decide what to do, whereas assuring fans that the current regime was going nowhere.
“Atletico de Madrid needs to tell all its shareholders, season ticket holders and followers that, after his judicial decision, the institutional and social stability of that the club at present enjoys is assured,” the assertion said. “All of the work achieved during recent years has contributed to the sporting successes achieved in latest seasons and the scenario which the club at present finds itself in.”