Saturday, August 22, 2015

Álvaro Sobrinho denies “categorically” investment in the Sporting SAD – Jornal de Negócios – Portugal

The businessman Álvaro Sobrinho, not former executive chairman of BES Angola, denied on Saturday “peremptory and categorically” that has made “any direct investment” in the Sporting SAD, it is the largest single shareholder.

In a statement, Álvaro Sobrinho accuses the Commission of Securities Market (CMVM) to demonstrating any “reiterated biased attitude” against him.

“It is peremptory and categorically false that I, Álvaro Sobrinho, or Holdimo, of which I am a shareholder, as a shareholder of Holdimo, have made any direct investment in the Sporting SAD,” writes the entrepreneur, reacting to “news published in the last 24 hours “about the existence of” any investigation of the CMVM “the alleged investments in SAD of” lions. “

” Rather than advertised CMVM, there was never money input Holdimo or me itself from the purchase of Sporting SAD shares. The CMVM know it was the Sporting Clube de Portugal that proposed the entry Holdimo in the capital of SAD in an operation at the time the Regulatory Authority approved without any reservation, “said yet.

In a statement, the entrepreneur maintains that there by the regulatory “a repeated biased attitude” towards him, pointing out the fact that already in the past the regulator wrongly questioned the regularity of their participation in other businesses.

“Now the same demand was ever made by the CMVM regarding, for example, other media groups that coexist in qualifying holdings of funds who knows if no face,” noted .

The CMVM clarified on Friday that “are underway and the necessary steps will be carried out” in relation to financial operations under “sports companies”, implying notably Álvaro Sobrinho, main individual shareholder of Sporting SAD.

The clarification was provided by the office of the institution chaired by Carlos Tavares, in response to a question from deputy PSD Duarte Marques whether “financial movements and made investments “not the former CEO of BESA” deserved on the part of the Portuguese Securities Market Commission (CMVM) any screening with regard to the origin of the capital. “

” In the context of assignments of the CMVM and in conjunction, in particular, with the Bank of Portugal, are underway and will be held any necessary steps and appropriate to ascertain the origin and monitoring of financial transactions referred to in the questions asked by Mr “, can be read in the response.

In clarification, the CMVM specifies that the scope of its powers “are not mutually exclusive financial transactions and investments made in Portugal by Dr. Álvaro Sobrinho or companies owned or managed by the said former President of BESA, whenever it is found to be relevant to assessment of the origin, obtaining conditions and capital movements. “

” Especially when these have as their source or intended to finance resource or investment in the capital market. In this context, the CMVM also monitors the activity of public companies, including those that take the form of sports companies (the ‘SAD’), for the special purpose of safeguarding acting in accordance with the rules of the Securities Code ( “Cod. VM”) and the applicable related legislation “, still inform without ever referring to Sporting SAD.

After disclosure Coach Jorge Jesus hiring for Sporting in early June, Álvaro Sobrinho, the largest single shareholder of SAD ‘Leo’ was appointed by the press as being involved in the financing of the operation.

At the end of June, in clarification given to Socialist MEP Ana Gomes the CMVM had already confirmed to be “ascertain the fulfillment of duties of care” by the Sporting SAD regarding the clearance of the source of funding of the club for the season 2015/2016.

letter signed by the president of the CMVM, Carlos Tavares explains that the Sporting SAD lies “subject to the supervision of CMVM, with regard to the fulfillment of the duties of accountability, qualifying holdings and inside information.”

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