photo: promoThe managers of the United Group do not agree with the dismissal of Dragan Šolak and the chief executive officer of the company Viktorija Bocklag, writes the US agency Bloomberg.
Fourteen managers United groups sent a letter to BC Partners' board of directors earlier this week, expressing what they say is "deep concern over recent management changes" and demanding "immediate reinstatement" of former management, according to Bloomberg.
Founder Dragan Šolak, who was chairman of the advisory board, and CEO Victoria Bocklag were replaced in June.
Jan Willem De Groot, Scholak's lawyer at the law firm Houthoff in Amsterdam, said the letter "shows a lack of confidence in the new leadership" and that this is a precedent in the Netherlands.
The letter could be an escalation of the long conflict between Scholak, the owner of the English football club Southampton, and the London company BC Partners, and Bloomberg writes that this rift threatens to affect the business worth about 6 billion euros.
New faces in the United Group
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In the letter of the managers, who include the financial director and the director of operations, it is claimed that "the sudden and unprepared change of management was not only accidental, but also a very irresponsible decision and therefore an existential threat to the United group and its business".
Vladimir Ratajac, head of the company's mergers and acquisitions department, has left the company, according to various sources familiar with the situation, Bloomberg reports. Two members of the board of directors resigned from their positions due to changes in management, but remain employed by the company, sources of this American agency added.
Many United Group managers have been working closely with Šolak for years. The founder still has a minority stake in the business through his company Gerrard MIP, which gives him the ability to decide on the allocation of shares to United Group managers in the incentive plan, other sources familiar with the matter said, the US agency added.
Dragam Scholak and BC Partners declined to comment on Bloomberg's findings, and a United Group company official did not respond to calls and emails from the US agency seeking comment.
Šolak's lawsuit
The founder of United Group, Dragan Šolak, sued the majority owner BC Partners, claiming that they refused to pay him a bonus from the sale of companies in Serbia. about which "Vreme" already wrote.
When his contract was not renewed in June, the company told Šolak that a bonus of around 250 million euros, linked to the sale of part of the business (SBB and Sport Club), would be paid, according to people familiar with the situation.
The founders' complaints "serve solely the interests of Sholak and not the United Group," the media company said in a statement posted last week on its website.
Request to expedite the case Dutch the court refused, and the first hearing is scheduled for October 16 in Amsterdam.
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