Portal de Murcia
www.portaldemurcia.com
Regarding the current status of CB Murcia, Polaris World company wants to specify:
- Polaris World has been providing support for the CB Murcia from the 2003-2004 season.
During these six years as owner of the club, Polaris World has provided a total of 9 million euros and has managed the team from the NCAA ascended to the CBA, where it has remained all this time.
- At the end of last season, Polaris World company announced its desire to dispose of the shares of CB Murcia.
At that time, dated June 30, 2008, was audited, and Polaris World contributed over one million euros to cover the existing deficit and then leave the club to zero, ie without any debt.
- The City of Murcia and the Autonomous Community of Murcia then assured the company that would promote the formation of a company to buy shares at a symbolic zero.
They also stated that he would surrender of 1,400,000 euros, amount deposited by Polaris World in the CPF as a guarantee.
Later, around October 2008, institutions reported that they could not take care of that guarantee.
They also announced they had legal difficulties in articulating the acquisition of the club.
- Finally, both the City and the Autonomous Community called on Polaris World to continue to retain ownership of the basketball club until the end of this season, but Polaris World split with the management and they reported that they would be the very institutions that would provide resources by finding sponsors for the support of the club for that year.
In particular, the Councillor for Sports City of Murcia, D.
Miguel Cascales, said the company would take over Tranvimur contribute € 1,000,000 to the budget, which together with other funds committed by the City Council and the Autonomous Region, cover the total budget of CB Murcia.
- Polaris World accepted the request, even though it meant that the amount of 1,400,000 euros endorsement, I would be immobilized until the end of the league.
- After this season, the future of CB Murcia arises again, with the advantage that now there are people and companies that are willing to take over the club.
- As was agreed with the city of Murcia and Autonomous Community, Polaris World is not responsible for the management of CB Murcia during this last season.
Salvador Hernandez continuity in office is due solely to the request of D.
Miguel Cascales that remained in office to avoid a vacuum in the organization.
Also, Polaris World is not responsible for Tranvimur, for whatever reason, at the time did not provide the money when he committed the City Council.
Polaris World has never maintained any contact with the company Tranvimur.
- Polaris World reiterates that, in a telephone conversation on Friday, July 3 from D.
Pedro Garcia Meroño and D.
Miguel Cascales, the latter suggested as a solution sold by the square Polaris World CB Murcia in the ACB to the current team of Zaragoza .
- In conclusion, currently the only obstacle to the continuity of the CB Murcia is the contribution of € 1,000,000 at the time committed by D.
Miguel Cascales.
We do not understand now be required to Polaris World to cover this amount and that Polaris World is totally dissociated from the club management and has maintained the property until today only access the specific request of the local and regional administration .
Source: Agencias
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