Valencia Shareholders’ meeting abandoned amid fan protests | OneFootball

The long-standing tensions behind the scenes at La Liga outfit Valencia on Thursday took another turn for the worse.

As much came as the club’s board attempted to hold their 2024 Ordinary General Shareholders’ Meeting at Mestalla a short time ago.

After taking their place in front of one of the stands in the ground, a group of Los Che directors, including corporate director, Javier Solís, and club president, Layhoon Chan, were met with a wave of abusive chants.

This came as the Valencia faithful – amongst whom a storm has long been brewing amid the club’s troubling start to the campaign – made their feelings with those in charge of the club crystal clear.

Banners featuring the words ‘(Peter) Lim go home’ were held up by one group, with others having come together to label Layhoon Chan ‘a liar’.

The situation ultimately culminated in Los Che’s board abandoning the event, before releasing the following statement across the club’s social media channels:

‘Valencia CF and its Board of Directors regret what happened at the 2024 Ordinary General Shareholders’ Meeting that took place this Thursday, December 19, 2024 at the Camp de Mestalla.

‘Unacceptable behaviour by a group of the 190 shareholders in attendance in person has repeatedly prevented the board from speaking, disrupting an Ordinary General Meeting of Shareholders 2024 which has raised 6,271,776 shares representing 243 shareholders and in which key aspects for the corporate and financial development of the entity have been put to a vote.

‘The Club and its Board of Directors approved at the 2023 General Shareholders’ Meeting the reduction of the number of shares required to attend an action with the aim of promoting and opening dialogue with all its shareholders.

‘Unfortunately, what happened today does not correspond to the spirit of this measure and has prevented the rest of the shareholders from expressing themselves, as well as the Board of Directors, so the 2024 General Shareholders’ Meeting has not been able to take place within the framework of normality, civility and respect, moving directly to the vote on the agenda and, subsequently, to its conclusion.’

Conor Laird – GSFN