The problem is not the Atlético-MG emergency. The conference will be a special session to discuss the 49.9% sale that Galo still holds in Diamond Mall. The target is for the issue to be voted on May 30, Monday.
It is also in formalize a call for a meeting of the headquarters of Lourdes. Work support will also be available to increase the number of counselors involved. Atlético has around 420 consultants in each category.
In order for the soft stone to be approved, 2/3 of the happy elections must be held by each leader, whether present or absent. So there are 280 “yes” for approval.
Meeting of the headquarters of Atlético-MG – Photo: Bruno Sousa / Atlético-MG
The sale of the remaining assets remains to become the solution seen by Galo’s management to reduce debts that have already exceeded R $ 550 million. These are commitments for bank loans, in addition to debts with agencies / investors, and legal / operational agreements.
In 2021 alone, the value of these figures generated BRL 87 million in interest and debt. It is money that drowns every year. The Atlético board has conducted a study to explain how the sale of Diamonds could reduce Galo debt, which now stands at around R $ 1.18 billion.
The comparison that explains why the store is that Atlético only has a percentage of annual sales. In 2021, this revenue represents 5% of what Atlético spends on insufficient funds.
“Let’s go to Brasileirão! The biggest announcement of the game for the price that gives the game. Sign Premiere!”
Premiere Brasileirão banner – Photo: Print
Diamond Mall will also be subject to market review to determine the price that Atlético will put into it, upon approval by the board. In the study of the board, the value is around R $ 300 million – R $ 350 million.
Diamond Mall was established in 1996 in Belo Horizonte, on the grounds that Atlético was back in litigation with the City of Belo Horizonte. It was in front of the headquarters building and remained, until 1960, the former Antônio Carlos Stadium.
In 2017, the Atlético Board of Directors agreed to sell 50.1% of Diamond Mall for R $ 250 million (which turned out to be R $ 296 million) to raise funds and start operations at MRV Arena, the future venue. many ballots are scheduled to open in 2023. At the moment, 260 good elections are in demand.
One of the pages of Atlético research study selling Diamond Mall – Image: Repeat
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Partner Galo na Veia – Atlético-MG – Picture: Share