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BES Angola. The Portuguese state can keep almost 30% of Sporting’s SAD



BES Angola.  The Portuguese state can keep almost 30% of Sporting's SAD

If the prosecution of the State Ministry is confirmed, everything will depend on the assets that Alvaro Sobrinho has to report to the Portuguese state.

The process of the alleged millionaire scam with BES Angola could result in the Portuguese state retaining a 29.8% stake in SAD do Sporting.

That hypothesis is acknowledged by lawyers heard by CNN Portugal following last week’s indictment against Álvaro Sobrinho, in which the former BES president in that African country is accused of embezzling 15 million euros from a bank in Angola to help Sporting. in 2011 and 2012.

The prosecution alleges that “in order to help the football club, Alvaro Sobrinho spent the funds in the BES Angola account, embezzling them as if they belonged to him”, adding that “due to the alleged facts (the use of liquidity transferred to BES Angola in favor of “ Sporting”), the amount of 15 million euros should be declared lost to the state, and the defendant Alvaro Sobrinho should be sentenced to pay.

As you know, in 2014, SAD Sporting’s debts to Holdimo, headed by Alvaro Sobrinho, were converted into shares, which still account for 29.8% of SAD’s capital.

According to the latest report and reports, in addition to Sporting, SGPS, Holdimo is the largest shareholder of SAD Sporting.

However, the hypothesis that the shares go to the state is not directly related to the loans provided to Sporting, which, according to prosecutors, are only a small part of the approximately 5 billion euros of benefits allegedly obtained illegally by Alvaro Sobrinho and which, according to the indictment act, must be declared lost in favor of the state.

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The SAD leonina shares are one of several Sobrinho assets that could go back to the Portuguese state, and everything will depend on the assets that the latter must return to the state if the courts prove the case of the prosecutor’s office.

CNN Portugal knows that the former president of BES Angola tried to sell his shares to Sporting this year, but the deal fell through. The price offered by the lion’s president Frederico Varandas to buy the shares was below Alvaro Sobrinho’s target.

Henry Machado

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Portuguese historical films will premiere on 29 December.



Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.



Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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