This Saturday the extraordinary meeting of partners was held, which decided on a historic transformation in the Deportivo Cali to save the club financially, after the economic problems it has suffered for some years.
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At 10 in the morning, 645 members showed up at the headquarters Alex Gorayeb for the vote that would define the future of the ‘sugar’ institution, which is not experiencing the best moment either in sports, being on the verge of relegation.
At the Palmaseca stadium, during matchday 16 of the BetPlay Dimayor League, Deportivo Cali tied 1-1 vs. América de Cali, in the middle of a tense match due to disturbances in the stands. Nilson Castrillón scored for the scarlets and Fabián Castillo for those led by Hernán El Cocho Patiño.
Photo:Juan Pablo Rueda Bustamante
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“With 93% of the votes in favor, the start of the conversion process to a Public Limited Company was approved,” explained the Valle del Cauca team on their social networks. Only 6.9 percent voted against in the extraordinary assembly.
The start of conversion means that the Deportivo Cali It would become a members’ club, having a single owner, like a large part of the Colombian teams, who are controlled by a businessman, a company or a conglomerate of people.
The public limited company can be made up of one majority shareholder and a series of minority shareholders, who could be the current partners.
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Since the approval of this historic decision, Deportivo Cali will begin to analyze offers from new investors, whether from the country or abroad, in order to clean up the accounts that have overwhelmed it in recent years, the deficit would exceed 100,000 million pesos.
At the Palmaseca stadium, during matchday 16 of the BetPlay Dimayor League, Deportivo Cali tied 1-1 vs. América de Cali, in the middle of a tense match due to disturbances in the stands. Nilson Castrillón scored for the scarlets and Fabián Castillo for those led by Hernán El Cocho Patiño.
Photo:Juan Pablo Rueda Bustamante
This transition of changing the company name could last up to a year and a half. In addition, they will have to change or update some of the club’s statutes so that the assembly’s decision to be a public limited company is finalized.
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