Tomorrow’s shareholders’ meeting: 35 million are needed, Ferrero will hardly show up after missing the previous 5 calls
Recapitalization yes or no? There is no filtering optimism about the possibility that Massimo Ferrero will present tomorrow at the shareholders’ meeting convened at the Sampdorian headquarters in Corte Lambruschini, which on the agenda includes the recapitalization for a figure of around 35 million. Necessary, in fact, first of all to respect the deadline of next February 16 (payment of the salaries of the members for the last quarter of 2022), avoiding at least a penalty in the standings, which requires a sum of around eleven million. And here, once again, the banks could come to the aid of society. But then it is the medium-term future that worries us, in a climate within the fans that is becoming heavy, as demonstrated by the envelope with a shell casing delivered to Sampdoria on Monday morning. Tomorrow will be the sixth calling of the shareholders’ meeting, after the reference shareholder did not appear at the first five.
On Friday afternoon, the ultras component of the Dorian supporter convened a protest garrison in the western part of the city under the headquarters of the Erg offices, of which Edoardo Garrone (who sold the club to Ferrero in 2014) is president. The situation is clear: Garrone has reiterated in recent times that he has given his willingness to support the Merlyn fund, intending to take over ownership of the club, however finding the door closed by Ferrero, who does not accept the hypothesis of zeroing the share capital. More, however, Garrone does not legitimately intend to do, having also reiterated that he is not responsible for the current financial and technical collapse of the company.
THE NEW WAY
In the meantime, Chairman Lanna and the Board of Directors are completing the forwarding of the documentation accompanying the application for admission to the negotiated settlement procedure for the company crisis. The procedure is basically intended to help companies in a temporary state of economic-financial crisis, able to recover also through the actions that will be undertaken during the procedure itself. Even if from some rumors (even if everything should take place in the strictest confidence) it would seem that the work to be done towards recovery is really a lot and particularly demanding. The negotiated settlement of the company crisis can take place and end on completely extrajudicial lines. More often than not, however, it happens that the company, once admitted to the procedure, invokes the protective and precautionary measures envisaged by the procedure itself. In this case, the Court will be able to issue specific measures to protect the company’s assets (a typical example is the ban on the initiation or continuation of executive actions by creditors). And it is in the latter case that probably the FIGC – since it is a new procedure and never previously used by the football club – will probably be called to express itself on the compatibility of the procedure itself with the internal Noif rules. The regulatory precedents relating to other procedures typical of a business crisis bode well.
THE WORD IN THE FIELD
Stankovic will have to think about the rest, called to lead Sampdoria to the very complicated mission-rescue. The January market primarily served to lower the wage bill, shoring up the squad here and there, but the standings (nine points behind fourth from last place, 15 defeats in 20 games) are really scary today more than ever.
February 1, 2023 (change February 1, 2023 | 10:57 am)
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