Lhe activity of Libertad VCF grouping actions to fight against the management of Peter Lim begins to generate uncomfortable situations for the maximum shareholder. This Monday in the Commercial Court No. 1 of the City of Valencia the oral hearing will be held of the lawsuit that Libertad VCF filed against Valencia on January 10 and later extended on February 7.
Specifically, the platform created to accumulate shares and try to control Lim’s absolute power over the club denounced three points. Lim’s agreed loans to the club, which is protected by the rights of four players, The salaries of Lim’s executives in Valencia and the change of the statutes to request a much higher number of shares than the initial 11 to be able to participate in said Boards.
The oral hearing is the phase prior to the hearing that will take place next October 18. In this oral hearing, the judge could file precautionary measures against the agreements of the Board that Libertad VCF denounced.
