t was at the Ordinary and Extraordinary General Assembly of partners on July 27, 1993, held under the presidency of Ramón Victoria. That day the board of directors proposed to all members the transformation of the club into a Sports Public Limited Company. “If in a club with the history of ours there have been important dates, today it is surely the most transcendental,” said Pedro Villarroel at the beginning of his dissertation.
The manager made his position clear. There was no legal imperative to transform into a public limited company for an entity that was part of the Bronze category ecosystem. It was a voluntary transformation. If the debate was marked by nostalgia, it was necessary to flee from this conversion, Villarroel warned. His speech emphasised the present.
“If we want to continue to belong to the Professional Football League, if we don’t want to be excluded from the reorganisation plan that cost the current board of directors so much effort and money, we must say yes to the SLC. If we don’t want to go back to past times when the club was persecuted by the tax collectors, Social Security, City Hall… we must say a resounding yes to the S.A. Deportiva”, he argued, defending it as a way of laying the foundations for the future viability of the club.
It was Luis Calero’s turn to present to the Assembly the three resolutions that the Board was proposing for the approval of the Assembly.
- Transform the club into a SLC Deportiva in compliance with current legislation.
- Approve the report formulated by the board of directors
- Empowering the board to take the necessary steps for transformation.
The share capital was to be 150 million pesetas. The transformation of Levante into a SLC took place under the presidency of José Luis López..