The creditors’ meeting of Sports University will meet this May 18 and 21 to appoint a new administrator, reported the Indecopi by publishing a bankruptcy bulletin.
As you remember, Sonia Alva -who assumed the reins of the club at the beginning of August 2020- announced in mid-March last his intention to leave the club, which was finally accepted by the creditors’ meeting.
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“I am deeply sorry to see myself in the need to get away from University and not be able to continue working [para los objetivos del club]. But, At present, the conditions are not met to continue with my work in the club’s administration”He referred via a statement to public opinion in March.
“I hope that the creditors prove to live up to the history and values of Universitario and manage to work together to lead satisfactorily with the restructuring of the largest and most important club in the country “, he complemented.
THE RANGE OF OPTIONS
According to the latest report of administrators with current registration, there are four options to replace it.
Appear Carlos Enrique Corbella Espinoza (Strategist Consultants), Luis Sierralta Piñero (Alta Sierra Asesores y Consultores), Jan Paul Calle Casusol Y Yuly Yanni Herrera Llamocca.
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However, the universe of eligible is reduced to three. José Gamarra, legal representative of Gremco, stated to this newspaper months ago firmly that he did not have Corbella among his options to lead the club under his chairmanship of the board.
For the appointment of administrators, only approval by a simple majority is required, which means that Gremco has the power to select it at its sole discretion.
The financial situation of the club shows that, until November of last year, bankruptcy debt amounted to US $ 158.6 million and it had been generating a current of bordered the S / 40 million. Progress had also been reported in the management of real estate assets, the proceeds of which will serve to cancel bankruptcy liabilities.
In addition, the club has that the restructuring plan has expired since February 2020. Since then, two modification proposals have been presented (one from Carlos Moreno’s management and the other from Alva). Both were categorically rejected at the creditors’ meeting, with the exception of Gremco, who chairs it.
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The main object of discussion in these sessions has been the new term of effect. To approve a modification, approval by a qualified majority (66.7% of the votes) is required. Gremco has just over 50% and Sunat, the second largest creditors, with around 33%.
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