The General Assembly approved last year's accounts, which reflect a 50 million euro profit. The over 400 million euro budget for the 2008/09 season was also approved.

Article

07 December 2008

Last year's expenses and the budget for the 2008/09 season were approved Assembly results

Asamblea General Ordinaria 2008
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Last year's expenses and the budget for the 2008/09 season were approved

Realmadrid.com / Translation by Michael J. O'Donnell

The General Assembly approved last year's accounts, which reflect a 50 million euro profit. The over 400 million euro budget for the 2008/09 season was also approved.

The General Assembly's second session began at 10:00 am and 1,215 Voting Members attended. President Ramón Calderón welcomed them and presented his report.

"We have the responsibility to make this Assembly a true example of tolerance, respect and constructive dialogue," he said after his speech. Vice-president José Ignacio Rivero presented a Management Report, submitting the Budget, Annual Report, Situation Report and the Losses and Gains Accounts results for examination and approval. Prior to the voting, members were allotted time to ask questions and make requests.

VOTING RESULTS 

2nd Issue: Examination and approval of the Budget, Annual Report, Situation Report and the Profit and Loss Accounts results.
Votos in favour: 603.
Votos against: 442.
Abstentions: 52.

 

3rd Issue: Examination and approval of the consolidated Budget of Income and Expenses of the Activities Project for the 2008/09 season.
Votos in favour: 564.
Votos against: 517.
Abstentions: 36.

 

4th Issue: Proposal to keep the Social Fares in 2009/10.
Votos in favour: 513.
Votos against: 98.
Abstentions: 13.

 

5th Issue: Board's proposal for the election of the members of the Election Committee.
Votos in favour: 333.
Votos against: 145.
Abstentions: 26.

 

6th Issue: Board's proposal for the election of the members of the Commission for Social Discipline.
Votos in favour: 366.
Votos against: 48.
Abstentions: 8.
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