head Fund us, Cayetano Sanchez Butron’s photo.decided urgently gather the governing bodies from Alicante business school discuss your futurebefore Ivace’s decision to terminate the contract He said he holds the rent of its headquarters and is demanding payment of the debt, which is currently 1.65m euros. This decision came as a “surprise”, according to Sánchez Butrón, as he assures them that they did not receive any demands that put pressure on them beforehand. Additionally, he described “incomprehensible” He noted that the autonomous body did not accept the proposal to transfer some of the facilities to the European University so that it could teach four degrees in health in addition to the joint master’s degrees.
In the face of this situation, the lawyer preferred to gather the decision bodies of Fundesem. Thus, this is the same Wednesday summoned Board of Directors from school, Thursday it will be the turn of the participants limited society Launched at the beginning of the year to facilitate the management of training activities and Monday will be called for auspices your foundation is ultimately responsible for the centre. Yes, by the way The activities of the center will continue as normal.as your head states.
“I don’t understand. We had a great economic solution Through a third party, the European University, and the agreement was not approved,” said Sánchez Butrón, adding that one of the biggest beneficiaries of this alternative, Mr. the regional manager who will collect the debt. So, he claimed, the deal with the private university center would have amounted to a million dollars in revenue. 400,000 Euros per year, A much higher amount than the €180,000 per year Fundesem must pay Ivace, and this, in his own words, would even allow the entire debt to be canceled before the expected maturity.
In this sense, and contrary to what Economy Minister Rafa Climent assures, the head of Fundesem claims: Ivace has been discussing the proposal since February. and formally, just as the City Council – the owner of the land on which the property is located – has given its approval.
Sánchez Butrón underlines what he wants when it comes to the options the center currently has. open discussion if they bet on the school’s social audience—between bosses and patrons, more than a hundred people in total. make a contribution to inject resources immediately to the center to save the situation or if they choose to close the school. Despite the fact that the total debt in this sense is 1.65 million, the head of Fundesem points out that the amount due has not reached 500,000 euros, but admits that he does not yet know the terms of the Ivace clause. Communication officially arrived.
The third alternative could be find a hard-nosed investoralthough it seems like the most distant option at the moment.
Fundesem’s problems, housing bubble burst and the disappearance of CAM and Bancaja, from which a significant portion of its students, and therefore a very significant percentage of its income, came. a) Yes, stopped paying rent in 2011 He said that he agreed with Generalitat, the owner of the building, which was built on the land transferred by the city council and where its headquarters is located.
After years of hardship finally An agreement was reached in 2019 Refinancing debt with Ivace, which includes the departure of the previous directors of the business school and the appointment of Cayetano Sánchez Butrón as president of the foundation that runs the centre.
Again, pandemic interrupted reboot plans from business school and new defaults saved. Fundesem aimed to find a new source of income with the agreement it made with the European University, which wanted to settle in Alicante for a while. So those in charge of Fundesem expected that this Wednesday Ivace would deal with the mandate of this agreement, something that didn’t happen, and instead decided to terminate the autonomous organ rental agreement and claim the debt.