[Sport] Real Estate Buildings will stop investing in Municipal: ‘ediles’ must return 765 thousand soles

[Dr.Drako]

The construction company regretted not having managed to manage the club in a statement.

Bad news for the ‘aediles’. The company Real Estate Buildings announced that it will stop investing in Deportivo Municipal this Friday through a statement, after failing to control the administration of the club.

The construction company regretted not having managed to take the reins of the ‘Academy’ despite repeated efforts and announced that it will no longer support the entity.

“We want to report that, unfortunately, to date, no agreement has been reached with the Board of Directors of the Municipal Sports Club regarding its administration. In this sense, we will stop investing economically despite our constant displays of good faith ”, highlighted Real Estate Buildings.

The company now demands that the significant amount it assumed at the beginning of the year be reinstated so that Municipal competes in League 1

 

"We request that the guarantee consisting of a management check in the amount of S / 765,000.00 (Seven hundred and sixty-five thousand soles), delivered on January 15, be returned to us," the statement read.

Real Estate Buildings recalled that it disbursed that figure so that ‘La Franja’ presents a pecuniary guarantee before the Licensing Commission of the Peruvian Football Federation before the start of the Opening Tournament. Without this, Muni's license to compete this year would have been revoked, after having suffered a subtraction of six points for non-payment in 2019.