The Levant held the 2018-19 General Shareholders' Meeting at which the accounts were unanimously approved and established, among other subjects, setting the date for resuming work on the roof of Ciutat de València, planned for September 2020. To do this, The Orriols team have already asked LaLiga to play the first four games of the next campaign as visitors.. Another important issue during the event was the approval of Quico Catalán's salary increase from 229,000 euros a year to 500,000 euros. in case of category maintenance, plus a bonus series for a range of sporting goals and the beginning of the construction of the Sports City of Nazareth, still pending the processing of the Special Plan, which is in the hands of the City Council and the Generalitat.. The compensation of the Company's executive officers was settled with 92,534 in favor of this point, 2,505 against, 118 abstentions and 11 null votes..
From the stadium, the president explained that "a delay of three months forced us to rethink the situation and the work plan." For his part, he explained that they have been working for seven years at the City of Sports, which came to light last year, and is subject to the approval of the Special Zone 1 South Plan (Nazareth East) of the Port of Valencia.
On the other hand, it approved a 2018-19 already closed pre-tax benefit of 16.7 million euros and net of 12.5. With 41 million sales revenue Jefferson Lerma, Emmanuel Boateng, Armando Sadiku and a percentage for the sale of Rafael Martins to China. For the first time overcoming the 100 million revenue barrier during the past fiscal year. The largest budget in history. However, in this course, Levant is required to sell for 12 million, not to be fined and limited by the Financial Fair Play..
The items of the day included the examination and approval of the Annual Accounts, corresponding to the fiscal year 2018/2019, Examination and approval of the revenue and expenditure budget 2019-20, the amendment of article 15 of the By-Laws and in your case, setting of the compensation of the Company's executive officers and, Lastly, the appointment of auditors. In this sense, the audit change was made, in the next three courses will be in the hands of Alberto Sánchez de Baker Tilly.