As the first step, the strong holders have taken over the shareholders’ interest (24.9%) from Dane Murphy. Murphy recently announced that he would leave the Supervisory Board and want to distance his interest. Murphy becomes CEO of Charlton Athletic. After that agreement was reached with the other shareholders. In the coming period, the request for changing control will be submitted to the KNVB and the strong holders will fully cooperate with the underlying investigation. If official approval from Zeist follows, the remaining 75.1% of the shares in Vitesse, as held by Flint Reilly, Bryan Mornaghi, Leon Müller and GIP Sports LTD (Timo Braasch), will also be taken over by the strong holders. The five has only been a minority shareholder since January and leaves without having invested one euro with silent drum. Although Braasch seems to stay as general manager. This is indicated by sources around Vitesse.
In a statement, Vitesse indicates: ,, With this agreement, the club will also submit the final budget, which offers full coverage, to the KNVB. To this end, the club received the standard period of two weeks from the KNVB to realize that. The strong holders will provide the necessary guarantee. “
A club on the edge of the abyss: why do Vitesse owners continue to leave so quickly?
Vitesse adds: ,, Within the plan to maintain the license of Vitesse is also revised by the strong holders the organizational structure. The Supervisory Board (RVC) is first. Dane Murphy and Nassim Kessler leave the Supervisory Board and will be replaced by two independent members. Vitesse also expects to present news about the management in the short term, since the interim periods of the current three board members will expire on 1 July. The strong holders thus focus on a solid, professional and complementary governance for the future. ”
Timo Braasch remains director of Vitesse
As it stands now, Timo Braasch remains as general manager. The German is one of the four minority shareholders who have signed to sell their share package. Only the American Bryan Mornaghi is not yet prepared for this. The strong holders, a group of local entrepreneurs, face a takeover of the share packages of Braasch, Leon Müller, Flint Reilly and Dane Murphy, who becomes CEO of Charlton Athletic, and want to finish them in the short term.