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Real Sociedad's board rejected share issue
Spain - 07 January, 2005
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The Primera Liga club board has voted against a €16.5m share issue, offered in a bid to give solvency to its finances. 432 (54%) of the 800 shareholders present voted against the issue, and the board powered to remain in place until the elections on 30 June 2005. "It's been a very tough meeting in which different questions were brought up. The members want the current board to stay in place and we will do until June 30. The share issue wasn't approved, which was an important issue, but the majority of members support us," President José Luis Astiazarán commented to media.
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