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“I want to sell my shares and get away from Colo Colo”. The phrase belongs to Leonidas Vial, one of the historic controllers of Black and White and who is directly linked as the creator of the corporation. Words that he has spoken to several of his acquaintances. He has told them that he is “tired and in another”. He has already started some reserved efforts to find buyers and end his 15 years at the dealership. However, he still has not had an answer that satisfies him, perhaps due to the complex economic situation in the country, and he continues to search for interested parties to determine his separation.
Currently, only its broker Larraín Vial manages 20.96% of the company’s shares, whose price today is $ 177.98 per paper. That is, an amount less than the $ 184.2 with which these papers went public on June 24, 2005. And that figure today would be equivalent to $ 300 for inflation and other variables, which shows the devaluation of the B&N titles. Some connoisseurs of his movements confirm that the intention of León, as he is called in the business world, is not to have a stake in the property as soon as possible.
The businessman, very resisted by the fans, had taken the first step in the 2019 Shareholders’ Meeting. There he decided not to continue on the board of directors, tired of his disputes with Aníbal Mosa, who at that time acquired enough shares to return to add a third member to the Black and White board and regain control of the corporation. At that time, President Gabriel Ruiz Tagle also left, as well as Leonardo Battaglia and José Miguel Jiménez. Of that group, only Alfredo Stöhwing remained.
And although Ruiz Tagle left the front office and his position on the board of directors, he still owns a percentage of the shares. Thus, at present, both forces are represented by Stöhwing, Carlos Cortés, Diego González and Ángel Maulén, who have always voted in opposition to Mosa. Only on rare occasions has there been consensus, as in the arrival of Mario Salas or Gustavo Quinteros. In the opposition bloc they insist that they have autonomy to decide and that Vial does not intervene, although they also recognize that the businessman’s relationship with the current helmsman has never been the best. However, that supposed disconnection of his with the role of his representatives is not validated by the ruling party. On the contrary, they place him as one of the main people responsible for the dawn crisis.
At present, both sectors are more distant than ever and week after week there is a round. The most recent occurred at the extraordinary board meeting on Monday 9, when the helmsman asked to include the point regarding reinforcements in the appointment, for which the approval of the other faction at the table was needed. They put as a condition that they provide the financial statements to analyze the issue with figures in hand. However, they were not accepted and, therefore, they did not give their approval, which generated a series of internal exchanges.
This situation is one of the few where a majority quorum is needed. The other was when the executive powers of Mayne-Nicholls were voted, where the four votes of the opposition prevented the former president of the ANFP from receiving remuneration for his functions. But beyond that, in most of the votes the vision of the helmsman is imposed thanks to the votes of the Social and Sports Club. According to those who have been able to talk to Vial, this is one of the reasons given by the businessman for having decided to dispose of his actions. It does not have as much weight to counter the decisions of Mosa, due to the support of the corporation.
The relationship between the controller of La Polar – the company where he has taken his greatest efforts – with the CSyD is null, especially after last year he lost a lawsuit filed before the Santiago Chamber of Commerce in which he sought to leave without representation the corporation on the board of Blanco y Negro, accusing a “joint action pact” with Mosa in 2017. Weeks after the action was rejected, the vote of the entity chaired by Edmundo Valladares was key for the return of the Syrian merchant to the head of the SA.
In recent days, Mosa publicly stated that it will evaluate its continuity later, after the discrepancies with the campus after the Zaldivia Case. “I have not thought of taking a step aside and I also assume full responsibility for the errors and situations that the institution is going through. For something I am the president and I have made it known to the colleagues of the board. The decisions we have made have been unanimous. I do not start starting, I am going to stay to solve the problem. If I do not have the confidence of the directors next year, another will have to come, “he said, after the board approved the reversal of the measure of not taking over the entire salary of the injured Argentine defender.
While all this is happening, Marcelo Barticciotto, an active idol of the club, expressed an idea on his social networks to end Blanco y Negro and regain control of the institution. “We are more than 6,000,000 colocolinos in the country, well, to recover the club with which each one buys a couple of shares we take over the club, we buy the shares from BYN and the club becomes the members, no it’s easy, but you could”, He replied to a fan who asked him what to do to get out of the institutional crisis, one of the worst in the club’s history and that sportingly has the albos flirting with relegation.
The intention of Vial, confirmed this week to those close to him, has nothing to do, as he has told them, with the movements against him that have emerged in networks these days, precisely requesting his departure from the club. “It has no relation; they know my search for buyers started earlier“, told them. When they appear interested in the shares of Vial, the next step will be to establish the conditions under which that transaction will take place and who will be the people who will acquire that important percentage, which will necessarily force a restructuring of the concessionaire’s table. The biggest opponent of Meuse on the Alba property steps to the side. Vial is determined to say goodbye to Colo Colo. It remains for him to specify it.
