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Grupo City CEO is greeted by Bahia fans as he arrives in Salvador | Bahia

Grupo City CEO, Ferran Soriano was greeted by Bahia fans when he arrived in Salvador this Thursday morning. He arrives in the capital of Bahia after the Bahia membership introduced a gathering to current samples of the proposal to ascertain the Anonymous Football Society (SAF) to the Arab Fund.

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Besides Bahia fans, president Guillerme Bellintani and vp Vitor Ferraz have been ready for the supervisor. After showing in the foyer, Ferran Soariano walked to a automotive parked exterior and left the airport with out talking to the tricolors.

Ferran Soriano, CEO of Grupo City, throughout his arrival in El Salvador — Photo: Reproduction / Redes Sociais

The assembly between the Bahia councilors is scheduled for 19:00 (Brazil time) this Friday. The assembly is thought-about to be casual and can embrace a presentation of a number of the samples of the City Group’s proposal. The official handover of the doc doesn’t but have a date.

Only after the formal submission of the proposal is the evaluation and analysis of the SAF Interim Commission, the Advisory Board and the Audit Commission. After that, the doc will probably be put to a vote of the companions in the General Assembly, nonetheless with no mounted date.

Rodrigo Capello gives data on Bahia’s SAF in Redação; The members of the Bahia tricolor have been referred to as to a gathering this Friday night

Since final weekend, a delegation made up of Brazilian and international representatives of the Arab Fund has been in Salvador to satisfy with the leaders of the tricolors and to familiarize themselves with the fabric base of the membership. The group even watched a Bahia U17 staff match with president Guillerme Bellintani and vp Vitor Ferraz.

Besides Cadu Santoro, consultant of City Group in Brazil, the delegation consists of Omar Berrada (Operations Director), Roel de Vries (Operations Director), Diego Guiliani (Vice President of the Board of Directors of Girona and Director of Emerging Markets) and Fabricio Souza (scout in Latin America).

City Entourage Group with Vitor Ferraz and Guillerme Bellintani in CT Evaristo de Macedo — Photo: Reproduction/Maurícia da Matta

In an interview with observe grandma in July Leonardo Martinez, President of the Council of Bahia, an estimated interval of 90 days to finish the method in case of a proposal obtained.

+ Follow BAba | The president of the Bahia Council analyzes the historic settlement and the membership’s SAF

The presentation of the proposal takes place nearly two months after Bahia resolved a pending difficulty thought-about vital to a take care of Grupo City. At the tip of July, the Advisory Board accredited the settlement with Banco Opportunity to repay a debt that reached R$114 million.

With negotiations, the debt was lowered to R$35 million, to be paid in 84 installments over seven years. In case of SAF, fee needs to be made instantly by the investor.

Trading and dealing behind the scenes

Negotiations between Bahia and Grupo City have been occurring for a very long time and have included a sequence of conferences, with Guilherme Bellintani touring to England and representatives of the Arab Fund visiting the Bahian membership premises.

Negotiations started in September final yr., nonetheless with Squadron in the First Division of Brazilian soccer. The relegation didn’t cool the curiosity, which in line with the president of the membership, Guillerme Bellintani, got here from the Bayan staff.

In an interview with Segue o BAba, a ge podcast, Bellintani defined that Tricolor goes at a slower tempo as a result of it anticipates some steps. He pointed to the membership’s debt evaluation course of as an instance.

– We selected probably the most thorough and cautious means attainable. Not solely in authorized and monetary phrases, but additionally in phrases of the proposal – mentioned the supervisor.

Although the proposal has not been formally introduced, an settlement between the events is additionally believed to be imminent. So a lot in order that even throughout the talks, Grupo City is already working behind the scenes in search of pros who could be a part of the undertaking. At the beginning of the yr, there have been surveys of Joao Paulo Sampaio, Palmeiras’ youth staff coordinator, and Rui Costa, Bahia’s director of soccer.

+ In Grupo City Zago sees the Arab origin near taking on Bahia, explains the methodology and reassures the fans

City group golf equipment all over the world:

  • Manchester City (England)
  • Girona (Spain)
  • Estac Trois (France)
  • Lommel SK (Belgium)
  • New York (USA)
  • Montevideo City Torque (Uruguay)
  • Bolivar (Bolivia)
  • Melbourne City (Australia)
  • Sichuan Jiunyu (China)
  • Yokohama Marinos (Japan)
  • Mumbai City (India)
  • Palermo (Italy)

Clubs managed by City Group — Photo: Arte / ge

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