He Real Betis officially announced last week that the Ordinary General Meeting of Shareholders will be held on December 17, making public an extensive agenda that contemplates several modifications to the club’s statutes that have generated between surprise and a certain amount of annoyance, depending on the suspicion of each one. Two points have been especially debated these days, one referring to the obligation that the budgets have to be approved by assembly and another that deals with the limitations imposed on the entry of capital from outside Spain and without green and white roots, in which It has been interpreted as an open crack to the entry of foreign investment funds. Given the commotion that arose, the entity wanted to come forward to calm possible concerns and demand total transparency of its actions. “No strange intentions”they assure from the legal area of the entity.
González de Castro: “The Betis Statutes are from 1992 and many articles are obsolete”
With this intention of giving explanations, the counselor and secretary of the Betic council, Carlos González de Castro, attended this Wednesday morning to Radio Betis to clarify that the board of directors does not have any hidden plan and the intention to modify some articles of the statutes is due to a desire to update these regulations to the demands of current times: “We had a pending task because Our statutes are basically the initial ones drawn up in 1992. The legislation has changed a lot and Several articles have been left obsolete or contrary to current legislation.“.
“Adaptation is necessary. What shareholders have to be clear about is that we adapt to the legality and real operations of the club, but there will always be transparency. It is not a political strategy but a long-awaited demand from the legal area that I represent. They are anachronisms that must be corrected. Of course it has nothing to do with hiding information or strange intentions. It is a technicality from the legal area, that we are the promoters of this change,” the Betis leader insisted to explain himself to those concerned.
“It is an issue that, I can prove, I have been putting on the table for years. One or two are the points that attract attention but there are 20 articles. Some are due to errors carried out, others adapted to the regulations. In this case, I have been asking to change this for years but we have not had a calm meeting to address it. In the others there have always been urgent issues that take up time and the urgent never lets the important things get done. We need to polish and shine the statutes“González de Castro stressed.
Betis assures that it does not weave any strategy with foreign investment funds
Regarding the controversy of all, the deletion of article 8 indicates that ‘only natural persons of Spanish nationality, public legal entities, Spanish Savings Banks and Entities of a similar nature and purposes, and the private legal persons of Spanish nationality or companies in whose capital foreign participation does not exceed 25% and whose members, due to the rules by which they are governed, are fully identified”.
The Real Betis advisor assures that this is not an open door to investment funds, but mere legality within the European framework: “We remove those limitations that are no longer in accordance with the law. In fact, they are contrary. Neither the EU Treaty nor all Community legislation allows these limitations. This specific article is a direct transposition of the 1990 Sports Law, which has been modified twice and we, due to lack of diligence or whatever, have not adapted the statutory regulations, which cannot go against of the imperative nature of the general rule. “It’s about adapting to the current legislative framework.”