The city council members agreed to sell Śląsk Wrocław
Members of the Wroclaw City Council gave their approval on Thursday evening to put up for sale Olesk Wroclaw Football Club. The city wants to sell at least 51 percent. and no more than 79.61 percent, retaining 20 percent. Involved.
The Director of the Office of Property Control at Wrocław City Hall, Maria Michułka, informed while presenting the resolution authorizing the sale of the football club that the minimum price had been set at approximately PLN 8.5 million for 100 percent. Involved. “We want to sell from 51 percent. to almost 80 percent. The shares, that is, the majority stake, however, reserve a set of rights for the municipality,” said Michuca.
The director added that the city is “looking for an investor, not a stock buyer.” “We are counting on the potential investor’s investment in the club; we would like Ålesk Wroclaw to have a stable development.”
According to the assumptions, one member of the Supervisory Board will be retained by the Wroclaw Municipality after the shares are sold. “We will ask the investor to provide us with the possibility to exercise the right to buy back the shares when the investor does not comply with the investment agreement. It is about securing the heritage associated with the club,” said Michuca.
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