Alianza Lima Faces Administrative Hurdles Amidst Sporting Challenges in Copa Libertadores and League 1 Title Race

In the midst of a fight against time to achieve their best performance in the face of the maximum challenge that the Copa Libertadores implies and its urgency to reaffirm itself in the fight for the League 1 title, the sporting issue in Alianza Lima is once again overshadowed by administrative bodies that The blue and white fan is also interested and – above all – concerned. And the intimate team will have a new Meeting of Creditors this April 16 and 19 in which the appointment of the new administrator of the club will be carried out, among other points on the agenda.

As you remember, at the moment it is Diego Guerrero who was left in that position after the removal of José Sabogal. Depor learned that the person who would replace him is the Colombian Juan Carlos Herkrath, current Chief of Operations of the club. On the other hand, one of the points that draws attention to the bulletin of said Board is that this new administrator will have the powers to sign a trust contract, that is, he will be able to transfer the club’s income, totally or partially, to a third party. in exchange for managing it and increasing future loans for reinvestment in projects. What does this mean and what implications would it have for the blue and white institution?

What is sought with a trust?

According to its definition, a trust is a legal act in which a person called the trustor, in this case Alianza Lima, transfers movable or immovable property to another person called the trustee (investment company that would enter) so that it can manage (investments or projects). defined in the trust contract to achieve benefits.

As the Meeting of Creditors has not yet been held nor has it been confirmed what the details of this trust are or what type it is, it cannot be anticipated what assets or what operations this company that would play the role of the ‘third party’ may have. . However, the purpose is known, since what the club is looking for is to invest in the medium and long term, above all, in infrastructure, whether in the expansion of the stadium or in the high-performance center, as has been publicly reported with anteriority.

For this, since Alianza Lima is a bankrupt club, the trust would serve to obtain ‘capital injections’ through this type of financing in order to make large investments and so that the assets are not involved, since it is not seizable money.

For its part, the ‘third party’ will have certain powers from the club’s administration (whether total or partial, depending on the contract) that could bring greater investments, but which, at the same time, would generate the restructuring plan, which Alianza Lima has been complying by cleaning up the debt, it undergoes a reorganization.

For this reason, one of the concerns that arose when learning about this new measure is that if the club, being partially or totally managed by an external company, will end up extending the term of the restructuring plan, which would cause the bankruptcy debt to be become much more extensive over time through interests.

However, it is worth reiterating that the type of trust, the company to which it would be assigned, what assets would be involved or how much scope the management of the ‘third party’ will have is still unknown. These aspects will be known after the meetings at the Creditors’ Meeting on April 16 and 19.

One of the pending projects in expanding the capacity of the intimate stadium. (Photo: Alianza Lima)

The blue and white debt

Regarding the blue and white debt, as recalled, Alianza Lima entered into bankruptcy proceedings in 2012 and, towards the end of 2021, a group of fans created the Blanquiazul Fund, which paid 23.8 million soles for the total debts. tax obligations of the club with the ONP and the Municipality of La Victoria, and for 80% of the entire debt with Sunat, according to ONCE magazine.

This group was confirmed by Diego Gonzales Posada, Salomón Lerner, Remigio Morales Bermúdez, Fernando Farah, Antonio Armejo and César Torres. Then, in 2023, Lerner, Farah and Armejo sold credits to Carlos Hiraoka.

For the rest, the debts were also divided between Irzio Pinasco and, in the absence of confirmation regarding the name, by a third party. According to the latest report, the restructuring plan, as soon as it is carried out in an orderly manner, would finish paying in 2031.

New administrator

For its part, Depor was able to learn that the person who would be assigned as the new administrator is Juan Carlos Herkrath, a Colombian businessman who had already been working at the intimate club as Head of Operations. This will be made official at the Meeting of Creditors.

According to the official INDECOPI bulletin, the Board of Creditors has five points on the agenda:

1. Modification of the Restructuring Plan

2. Revocation and appointment of the new administrator.

3. Granting specific powers to the administrator.

– Granting of contractual powers to sign a trust contract.

– Granting powers to the administrator so that he can appoint representatives.

– Delegation of powers.

4. Ratification or removal and appointment of Controller.

5. Other matters of interest.

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2024-04-02 14:30:25
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