At 5:00 PM Lisbon time, shares of Benfica SAD were valued at 5.08 euros, with 11,353 shares traded during the session today.
Meanwhile, shares of the Futebol Clube (FC) do Porto remained unchanged at 0.99 euros.
Sporting was crowned Portuguese football champion on Saturday after defeating Vitória de Guimarães 2-0 in the 34th and last round of the I Liga, securing the title for the 21st time in its history.
Benfica drew 1-1 against Sporting de Braga and finished the championship in second place, while FC Porto confirmed its position in third place in the Portuguese I Liga after defeating Nacional 3-0, pushing Sporting de Braga to the fourth position.
On May 13, in an interview with Jornal de Negócios, the largest individual shareholder of Benfica SAD, José António dos Santos, who holds 16.38% of the capital both directly and indirectly, expressed that he would only sell his shares at a minimum of 12 euros each. “This is true as of today, because tomorrow might not be so,” wrote the newspaper.
On Wednesday, May 7, Benfica announced its intention to nullify the auction that allowed a bidder to acquire the shares held by former president Luís Filipe Vieira in the ‘encarnados’ SAD for 7.07 euros.
“Sport Lisboa e Benfica informs that, through its subsidiary Benfica SGPS, it participated in the auction of shares owned by Luís Filipe Vieira, having submitted an appropriate offer and being informed that the said shares were sold to another bidder for 7.07 euros,” stated the club in an official note on its website.
However, Benfica noted that “so far, it has not received any notification regarding its right of preference, and has therefore cautiously requested the invalidation of the sale.”
On May 5, the Luz club announced its intention to acquire the shares corresponding to 3.28% of the ‘encarnados’ SAD that were seized from former president Luís Filipe Vieira as part of an executive process.
“Sport Lisboa e Benfica informs its members and supporters that it has been closely and rigorously following the executive process in which shares owned by Luís Filipe Vieira were seized. To that end, it timely communicated to the competent court its right of preference regarding the referred shares within the scope of the planned auction,” Benfica stated on that day.
Additionally, Benfica stressed that “it will do everything in the best interest of the club to acquire this volume of shares, which represents 3.28% of the SAD’s capital.”
According to the newspaper, the shares of the former Benfica president were seized by Novo Banco in November 2021, as a result of a precautionary measure parallel to an executive action in which the bank claimed the payment of 7.5 million euros of financing made to Promovalor.
As the debt was not settled, Novo Banco enforced the personal promissory notes given by Luís Filipe Vieira, which included his stake in the ‘encarnados’ SAD.
The auction was conducted on the initiative of the judicial agent of the process, who mandated JB Capital to sell the referred stake.
The 3.28% position corresponds to a total of 753,615 shares.
