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The Valencia shareholders meeting has been abandoned by the board of directors due to the disagreement coming from the Mestalla stands.
On Wednesday night, Superdeporte revealed that Valencia owner and majority shareholder of Meriton Holdings, Peter Lim, was under investigation for administrative misconduct. The Singapore-based owner has faced several legal complaints in recent years but has yet to face charges that jeopardize his ownership of the club.
🗳 Germán Cabrera announces that “we are going to try for 5 minutes and if we can’t, we will stop.”
“We endured the downpour without a problem, but if we cannot speak, we stop the meeting.”
Song of PETER GO NOW. 12:10 p.m. The Meeting has not yet started. The faces are a poem.
— Paco Polit ⚓️ (@pacopolit) December 19, 2024
Meanwhile, Valencia’s shareholders’ meeting was held on Thursday on the Mestalla grass to welcome some 300 minority shareholders in the stands. However, after repeated attempts to hold the meeting, the club announced that they would proceed directly to voting on the budgets and motions on the table.
The reason is that the insults and songs of the minority shareholders, who were protesting Lim’s ownership and the leadership of Chairman Layhoon Chan, made it impossible to listen, as Paco Polit reported. After 15 minutes they left the table and proceeded to enter, without reappearing.
The board of directors of Valencia has left its shareholders meeting amid chants and persistent insults.
📽️Video of @pacopolit #VCF pic.twitter.com/tRKOyTDKbe
— Soccer Spain (@footballespana_) December 19, 2024
There are now questions about whether the votes can legally be confirmed, given that the shareholders meeting was not held with the opportunity for shareholders to discuss and present motions before the votes.
Valencia finds itself in a desperate situation, rooted to the bottom of the table and six points away from safety. They only have two wins all season.
