Jorge Mattamouros warns of Soares de Oliveira’s conflicts of interest in bond issue – Benfica

After already filing a complaint last year against the former Benfica president, Jorge Mattamouros has now sent a letter to the Eagles CEO, Domingos Soares de Oliveira, and the Securities Market Commission (CMVM), arguing that the prospectus of the current bond issue hides conflicts of interest, pejorative for the emblem of Luz. Alerting on issues related to television rights and the role of Soares de Oliveira in the Liga Centralização, the lawyer even suggests that the administrator of SAD incarnate leaves the club. “The information contained in the prospectus must be “complete, truthful, up-to-date, clear and objective”. Benfica SAD’s investor, to which Record had access. The following passage of the prospectus will be in question: “To the knowledge of Benfica SAD, there is no potential conflict of interest between the obligations of any of the persons making up the management and supervisory bodies of the issuer and their private interests or other obligations.” “The situation of conflict of interest, or potential conflict of interest, between Benfica SAD and a director, in particular its managing director, is an effective risk of which the market must be informed, because it can have a significant impact on the financial situation position and sporting activities”, declared the lawyer and partner of Benfica, being cautious and considering that the administrator “can make decisions that favor private interests or other obligations “, and therefore requests “additional information that clarifies the (apparent) conflict of interest in which he finds himself”.

In the same letter, Jorge Mattamouros also criticizes the fact that Soares de Oliveira joins the administration of the Centralization League, which he says does not understand why, as a manager, he must defend the interests not only of Benfica but other opponents. clubs. The lawyer even suggests that the CEO of the eagles leaves Luz and chooses a “new path for his career”. “As administrator of Liga Centralização, you owe diligence and loyalty to the Portuguese Professional Football League and its members, including Benfica’s direct opponents. In particular, you have a fiduciary duty to the League to develop a model commercialization of television rights which reconciles the interests of all the clubs, without favoring any of them (“in close consultation with the sports companies which own them”), in order to then commercialize the centralized rights on behalf of all the clubs “, we read if.

Matamouros continues. “Consider the following hypothetical situation. What will be the position of the administrator of Liga Centralização, Domingos Soares de Oliveira, when the CEO of Benfica SAD, Domingos Soares de Oliveira, proposes that Benfica receive a significant percentage of the total television cake Instead, what do you think Benfica SAD CEO Domingos Soares de Oliveira will say when La Liga Centralização administrator Domingos Soares de Oliveira says there is a need to be conciliatory and restrained in demands to reach an agreement in which everyone can win? The conflict of interest seems obvious,” he says, adding: “In this case, the conflict is also formally relevant, since the right current sports companies expressly prohibits directors of these companies from exercising functions in sports federations or associations of the same modality (article 16, paragraph 1, one)). bility is absolute.”

Besides the issue of television rights, the lawyer also identifies the aforementioned conflicts of interest in the red card process, which resulted in the arrest of Luís Filipe Vieira, with whom Soares Oliveira worked for a long time, and for which the club made unincorporated assistant. “Your participation [de Soares de Oliveira] in decisions on these matters, he tarnishes the integrity and reliability of the work. I agree that the findings do not identify the director’s misconduct. But for the protection of all stakeholders, in particular the interest of Benfica, the director subject to the audit cannot also be part of the management team that monitors or supervises the works,” adds Mattamouros, commenting also the fact that the emblem Luz not having become an assistant: “Knowing from experience how processes of this nature are designed and carried out, I have the greatest reservations that the path chosen so far by the administration of Benfica SAD protects the institutional interest.”

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