This Wednesday, RCD Espanyol will hold a shareholders' meeting. According to the December 11 issue of As, the Coalition of Minority Shareholders of Espanyol (APMAE) intends to take a stand at the upcoming shareholders' meeting to criticize the Chinese owner Chen Yansheng for making RCD Espanyol a miasma, saying that it has put the club in a dangerous situation.
Chen Yansheng, president of Espanyol Club, is definitely not a fan dish, which is understandable - in the 2019-20 La Liga season, Espanyol fell to the bottom of the rankings;Then he rose up and finished second from bottom in La Liga in the 2022-23 season, falling again.
Espanyol have been relegated from La Liga twice in the last 3 years, which has taken a big toll on their finances. According to the data of the newspaper As, as a result of these two relegations, the Spaniards have accumulated a pre-tax loss of 70 million euros (about 5 yuan.) in the past three years400 million yuan). It is expected that in the 2023-24 season, they will lose another 8.7 million euros (about 67.25 million yuan).
Apmae, a small group of Spanish fans, demanded at the shareholders' meeting that Chen Yansheng must bring in reinforcements in the winter transfer period to help the team regain promotion to La Liga, which they believe is his responsibility and cannot be shirked. The newspaper Ace reports that Apmae represents the interests of Espanyol fans.
Espanyol have picked up 32 points in the La Liga standings this season and are provisionally in fourth place. To qualify directly for La Liga, they have to finish in the top 2 or play the promotion play-offs. Fans are hoping for a move in the winter transfer window, and it's not too much to ask for a whopping €30 million in profits from their players this summer.
The club's coalition of minority shareholders has also made other demands, with the need for a restructuring of the board of directors and the introduction of independent advisers and spokespersons to overhaul RCD Espanyol and create an ambitious, solid and reliable management team.
As the chairman of the club, Chen Yansheng was criticized by some small shareholders of the alliance. Apmae said Chen's project put the Spaniards at risk, which was not good. They demanded an explanation from Chen Yansheng and provided the club's plans for the future.
The fans are questioning and the criticism is understandable. Just on 6 November, the Spaniard changed managers again, with Luis Miguel Ramis taking over as manager. Chen Yansheng has been in charge of Espanyol since January 2016, and in less than eight years, the team has experienced 11 changes of manager, 6 changes of sporting director, and 4 dismissals of the general manager.