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Sports partners disapproved this Saturday, by a large majority, the Budget for the next season and the Report and Accounts for the previous season. As Rogério Alves explained at the end of the General Assembly, “3115 voters participated in this General Assembly.”
«Both documents did not obtain a majority. The Budget obtained 69.9 percent of the votes and 30.1 percent voted in favor. So it was not approved. Regarding the Report and Accounts, 67.22 percent of the members voted and 72.78 percent voted in favor, ”explained Rogério Alves.
Immediately after the president of the General Assembly Board made these data known, the Sporting management issued a statement, by which it guaranteed that it will present the two documents for the approval of the associates, not taking out of this vote more consequences than this.
Full sports statement:
«Given the disapproval, by the Members, of the Report and Accounts of the previous year and the Budget of the year 2020/2021, we clarify the following:
In due course, we will resubmit the documents to the General Shareholders’ Meeting;
In fact, the approval of these documents is important in the daily budget management and in the relationship with third parties, that is, with financial institutions and with the State. As we have done so far, we will do everything possible so that there are no more dire consequences for the Club in this already difficult period. We are confident and determined that, despite all the difficulties, we will succeed;
The 2019/2020 Report and Accounts, of course, will not undergo any changes;
We will consider introducing changes in the Budget, adjusting it to the reality that has been known since the beginning of the year.
Finally, we would like to thank the professionalism and integrity of the Sporting CP employees who contributed as usual to the AG. To all our thanks “.
