Thursday, March 31, 2016

Viking board ask for 25 million. Struggling to pay wages – Dagbladet.no

The board of Viking ASA has called for an extraordinary general meeting to ask shareholders inject at least 25 million. If not on the football club’s elite initiative in jeopardy.

The money will be collected through a share issue in the company, writes Stavanger Aftenblad. If the board fails to let fresh capital, the situation is very serious for the football club. According to the newspaper they are then unable to pay out wages to players and staff and the club must immediately reining in the sporting initiative. At worst, the entire elite initiative in the team stand for fall.

– I have faith that we will achieve this, but it’s true that if we do not get this then it will put the club in a serious situation, says Chairman Charlie Granfelt.

in recent years, the climate of cooperation between several shareholders in Viking ASA been bad, and days before the AGM shall conflict level is sky high. In recent weeks, the quarrel going on about Viking ASA will be converted into a limited company, with or without a statute on gender quotas on the board. Neither party wants to give in to the demands.

In addition, bad times for business in the Stavanger mean that more shareholders not have the same opportunity to contribute in a share issue as before.

(NTB)

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