Independiente Club: 18-Year Restructuring Process Concluded – An Encouraging Milestone for the Rebuilding of El Rojo

2023-12-15 23:32:27

12/15/2023 10:11 p.m. Updated on 12/15/2023 11:04 p.m.

This is not shouted as a goal, but it should be valued positively within any institution: Independiente confirmed on its social networks that it managed to lift the call for creditors to which it entered in 2005. Yes, after 18 years.

What does this imply? This judicial instance is reached when a club cannot assume the cancellation of its debts, therefore Justice verifies the documentation of each company or individual that claims. In these cases, the creditors become part of a passive mass of the bankruptcy, limited to demanding new judicial, civil or labor actions.

Thus, Independiente gains credibility in any negotiation. It is common when the transfer of a footballer is closed for sellers to require guarantees from buyers, and now there will be a more favorable scenario for the entity.

In any case, it must be remembered that in 2024 the club will have to pay debts of seven million dollars, so there will be a campaign to sell season tickets and the search for other income. The strongest obligations are one million dollars for Elizalde’s image rights, 600,000 dollars for the Ecuadorian Cazares, 2,400,000 greens from Fernando Gaibor’s pass and 1,900,000 for Gastón Silva.

Néstor Grindetti and Carlos Tevez. (Photo: Independent Press)

The president of the club in 2005 was Andrés Ducatenzeiler, who then handed over power to Julio Comparada.

The club statement

We want to tell the members of Club Atlético Independiente that we ended the week with pleasant and long-awaited news: after 18 years, our beloved Club is no longer insolvent.

Moments ago, the Civil and Commercial Court No. 5 of Lomas de Zamora declared the definitive conclusion of the Preventive Competition that weighed on our Institution.

This ruling encourages us to continue working with effort, professionalism and dedication to honor and fulfill our obligations with the aim of putting El Rojo back in the place it should never have left.

The ruling that ended the call for creditors.
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#news #Independiente #waiting

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