Spanish court denies Codere’s Sampedro family injunctive relief on new leadership
News on 9 Apr 2018
News on 9 Apr 2018
The Madrid Commercial Court has denied Codere’s Sampedro founding family members José Antonio Martínez Sampedro and Luis Javier Martínez Sampedro injunctive relief regarding the appointment of a new executive leadership.
The decision refers to the removal of José Antonio Martínez Sampedro as Chairman of the Board, and Luis Javier Martínez Sampedro as chief executive officer in January this year following a special vote of the Board.
The executive leadership changes followed Codere’s debt restructure and were reportedly driven by the private equity firms who carry Euro 1 Billion of Codere’s debt.
