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2 clusters · 5 sources · 4 days · First seen 28 days ago · Last updated 25 days ago

Sale of FC Tatran Prešov majority stake

Overview

The Prešov City Council has approved the sale of a 94.78 percent stake in the football club FC Tatran Prešov to Tatran Rescue Capital. The transaction, involving 109 shares, is valued at 1.4 million euros.

The sale is intended to facilitate the financial recovery of the organization, with proceeds designated for the club’s capital fund to settle outstanding debts. Under the agreement, the city retains the right to request a repurchase of the shares once debt clearance is successful. Additionally, the council approved conditions for the club to issue bonds worth up to two million euros with a two-year maturity to provide cheaper financing for early liability repayment.

While the sale was approved, some council members expressed opposition to the commercial tender bid, suggesting that alternative methods such as city reserves or regional funds should have been used to rescue the indebted club.

Entities

Prešov City Council · FC Tatran Prešov · Tatran rescue capital

Timeline

25 days ago

[BUSINESS] 2 sources
FC Tatran Prešov majority stake approved for sale
Prešov city councilors approved the sale of a 94.78 percent stake in FC Tatran Prešov to Tatran Rescue Capital for 1.4 million euros.
28 days ago

[SPORTS] 3 sources
Prešov City Council approves sale of FC Tatran Prešov stake
Prešov City Council approved the sale of a 94.78 percent stake in FC Tatran Prešov to Tatran rescue capital for 1.4 million euros to settle the club's debts.

Sources

europa.pravda.sk · obecne-noviny.sk · osobnosti.aktuality.sk · sita.sk · sport.aktuality.sk