About Ferran Soriano..
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City Raider
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Manchester City's newly appointed chief executive Ferran Soriano has been informed that he will not be required to defend a case in a Barcelona court. Soriano, the former president of Spanair, was one of 10 senior executives of the bankrupt airline summoned to defend a charge of misappropriating professional insurance at the end of this month.
On Saturday the Catalan received official confirmation that the summons had been rescinded. It is understood that the charge against the other Spanair executives is also to be dropped this week.
The case concerned a lawsuit filed by 300 Spanair pilots claiming that monies deducted from their salaries and earmarked for professional liability insurance were not paid as contractually promised between July and December 2011. In total €258,837 was alleged to have been misappropriated.
Spanair ceased operations in January this year after investors withdrew support from the struggling airline. Soriano, 45, has been its president since April 2009, after resigning a position as FC Barcelona's financial vice-president after a vote of no confidence in the board. During his six years on Barca's board he was credited with more than doubling the club's turnover to €308million and converting heavy losses to profit.
Soriano has been asked to deliver a comparable improvement in City's turnover following his September 1 installation as chief executive (Read more at The National › ). A replacement for the calamity-prone Garry Cook, Soriano's arrival at the club was postponed for nine months because he refused to walk out on Spanair's financial travails.
City's Abu Dhabi owners are understood to have been impressed by Soriano's commitment to Spanair during that period, reinforcing their resolve to hire him. Other club executives speak highly of his work during his first weeks at the club.
On Saturday the Catalan received official confirmation that the summons had been rescinded. It is understood that the charge against the other Spanair executives is also to be dropped this week.
The case concerned a lawsuit filed by 300 Spanair pilots claiming that monies deducted from their salaries and earmarked for professional liability insurance were not paid as contractually promised between July and December 2011. In total €258,837 was alleged to have been misappropriated.
Spanair ceased operations in January this year after investors withdrew support from the struggling airline. Soriano, 45, has been its president since April 2009, after resigning a position as FC Barcelona's financial vice-president after a vote of no confidence in the board. During his six years on Barca's board he was credited with more than doubling the club's turnover to €308million and converting heavy losses to profit.
Soriano has been asked to deliver a comparable improvement in City's turnover following his September 1 installation as chief executive (Read more at The National › ). A replacement for the calamity-prone Garry Cook, Soriano's arrival at the club was postponed for nine months because he refused to walk out on Spanair's financial travails.
City's Abu Dhabi owners are understood to have been impressed by Soriano's commitment to Spanair during that period, reinforcing their resolve to hire him. Other club executives speak highly of his work during his first weeks at the club.
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Anonymous
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S04 said:Noticed that this article in the Abu Dhabi daily (The National) outlines some interesting facts about the job.
<a class="postlink" href="http://www.thenational.ae/sport/football/ferran-soriano-is-the-man-to-match-manchester-citys-ambitions" onclick="window.open(this.href);return false;">http://www.thenational.ae/sport/footbal ... -ambitions</a>
To be honest , i kinda knew all that before he even came ...... asdie from his vast experience in other non-footballing fields , that fact that he'd done practically all of that, and more , whilst at Barcelona was a big attraction for City , and he was always the number one choice for us ....... he worked beyond his job description at Barcelona , and City wanted someone to run the show completely.
GXCity
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He was walking round the ground on Saturday at about 11:30 with John Stemp. Nice to see him getting a feel of things with the fans and not just sitting in the executive boxes.
BoyBlue_1985
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S04 said:Noticed that this article in the Abu Dhabi daily (The National) outlines some interesting facts about the job.
<a class="postlink" href="http://www.thenational.ae/sport/football/ferran-soriano-is-the-man-to-match-manchester-citys-ambitions" onclick="window.open(this.href);return false;">http://www.thenational.ae/sport/footbal ... -ambitions</a>
So basically we will now get £20 million players for 47p after tapping them up for 2 years
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