Deportivo Cali officially announced its conversion process to a Public Limited Company

Deportivo Cali officially announced its conversion process to a Public Limited Company
Deportivo Cali officially announced its conversion process to a Public Limited Company

In the middle of the extraordinary assembly which took place at the Alex Gorayeb headquarters, and virtually, the hundreds of members of the Deportivo Cali made a momentous decision. The Valle del Cauca club announced its official transformation to become Anonymous society.

On this occasion, the meeting had the sufficient quorum to be able to be done with the assistance of 645 members present at 10:00 AM. This assembly lasted approximately two hours, in which a historic change was achieved in the type of commercial company. The vote to take the election had a result of 93.1% votes in favor, and 6.9% against.

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This momentous transformation means that The club may be transferred to a single owner, or failing that, to a group of new owners. Which means that the team will be able to receive an economic injection from a new investor, who wants to involve their monetary resources in the club, just as they have done. City Group or Red Bull itself.

This change will not be immediate, as it may take between 12 and 18 months to become legally effectivel. Likewise, this modification can cause some of the statutes to be changed that make up the internal regulations of the club.

This fact marks the beginning of Deportivo Cali’s economic recovery process, which continues with a deficit above 100,000 million pesos.

This news will allow the Valle del Cauca team to gradually alleviate the bad moment it is experiencing, as it will need to carry out as many points as possible to avoid relegation. Therefore, the match against Junior from Barranquilla It is considered a final for everyone, since every match counts from now on.

This month, Deportivo Cali announced the extension of the contract of Alejandro Rodríguez, Gianfranco Cabezas, and Juan José Córdoba. The 23-year-old goalkeeper renewed until 2027while Cabezas will continue until 2025just like the 20-year-old winger.

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