The opposition to Peter Lim insists on the judicial process and again points to Amadeo Salvo and Aurelio Martínez for the sale of Valencia

Give 1 Sec To Rate This Article post

Lto opposition to Peter Lim, by way particular or through actions associated, keep trying delegitimize or revoke, by judicial way, the position of fMeriton Holdings force to make decisions in the Valencia that disable any type of replica from the corporate point of view. On the one hand, the Libertad VCF platform -which tries to agglutinate 5% of the capital to be able to oversee the management of Lim- has presented a new request for precautionary measures for annul the agreement approved by the last meeting general shareholders to raise from 9 to 3,598 shares -owned or delegated- to attend a general meeting. This demand had already been admitted by the Commercial Court No. 1 of Valencia, but I had set my sights for March 28, 2022. Whatever before the end of 2021 a general meeting must be held, Freedom VCF he hopes that the judge suspends that agreement until there is a sentence once the hearing is held.

This week lawyer Jaime Navarro has presented svarious claims against the validity of the Valencia sale process, one claims the nullity of the sale and the other, rclaims moral and economic damages to Amadeo Salvo and Aurelio Martínez, former presidents of Valencia and the Valencia CF Foundation respectively, who took active part in the sale of the club to the Meriton Holdings offering. To these two processes, the Valencian lawyer adds some preliminary proceedings so that the club provide the terms of the loans that Peter Lim awarded the club –worth 54.5 million- with the guarantee of the economic rights of several footballers of the first team (according to some interpretations there are four footballers, according to others, eight).

The cause of nullity of full right of the sale, which was executed in 2014, is based on a civil lawsuit holding that Peter Lim breached various aspects of the Transparency Law and Good Governance and various articles of the Commercial Code, “in addition to not complying with anything committed,” as detailed by Jaime Navarro.

Jose Antonio Sanz
Aurelio Martínez and Amadeo Salvo embrace in an assembly in Mestalla / Peter Lim greets from Mestalla.

Compensation of 1,900 euros per share

The most striking cause points directly to former president Amadeo Salvo and Aurelio Martínez, former president of the Valencia CF Foundation, considering that the sale was “opaque and absurd” and for pointing them out as “responsible for not being able to ask no obligation “at this time to Peter Lim. “Those who deceived the fans were Amadeo Salvo and Aurelio Martínez (…) with a great number of promises that have been broken “, Jaime Navarro exhibited. This process requests compensation that can reach 1,900 euros per share.

Preliminary Proceedings for Lim’s Loans

On an individual basis, the partner José Barberá, a businessman in the Communication sector, has requested preliminary proceedings to claim the loan contracts granted by Peter Lim (worth 16.5 and 38 million euros respectively) with the rights of several footballers as a pledge. It is not the first time Barberá tries to control Peter Lim’s management at Valencia. In fact, under the name of Platform for transparency and good management of the Valencia Football Club and its Foundation, sent several Notarial requirements to different patrons of the Foundation -when other offers had already been rejected and Peter Lim’s alone was being studied- to ensure that hedecision made –for or against- out “the fairest, the result of an exhaustive and meticulous process, and according to the interests of Valencia and the current legislation, “as he explained then.

Lim is successful in court

Until now, Peter Lim and Meriton Holdings have succeeded in the legal proceedings that have been brought before them from various sectors and platforms. The former counselor Antonio Sesé -from the time of the president Manuel Llorente- saw how the judge dismissed the complaint against Peter Lim, Jorge Mendes, Layhoon and Anil Murthy for alleged crimes of unfair administration, of imposition of abusive agreements by the majority shareholder, of corruption of private businesses and another crime of money laundering.

The same thing happened with Miguel Zorio who, before presenting himself as a representative of an investment group to buy the club, filed a lawsuit against Peter Lim and Jorge Mendes before the Valencia Prosecutor’s Office that was filed.

Leave a Comment