This Saturday, Deportivo Cali held an extraordinary meeting at the Alex Gorayeb headquarters to decide the future of the club which has a deficit of 112,000 million pesos.
The team confirmed on its social networks the approval by its partners of the beginning of the process of converting an association to a Public Limited Company.
“With 93% of the votes in favor, the beginning of the conversion process to a Public Limited Company was approved. Extraordinary Assembly,” says the Azucarero team statement.
The Valle del Cauca team had agreed to this meeting so that the partners could vote to make the change to this new model. For this, it was necessary for the qualified associates, who today number 1,030, to vote in favor by approximately 51 percent, that is, 516 votes.
In an interview for the newspaper El País de Cali, the president of the Azucarero team, Guido Jaramillo explained what it means to go from an association to a public limited company.
“QIn a non-profit association, like today, we have the right to a title and to deliberative participation in an ordinary or extraordinary assembly.”
“Going to a public limited company implies no longer having a title, but rather a share or the number of shares determined in the conversion process. There is a moment when the exchange from a non-profit association to a public limited company is defined”
“The public limited company would be made up of majority and minority shareholdersthat we would be the associates and work to have the benefits that we have today such as tickets to the stadium and the venues”
“That will come at the moment in which the statutes are defined because they have to be changed. and update them. There we can define some prerogatives that we could have as associates,” said the Deportivo Cali leader.
