head Fundesem, Cayetano Sanchez Butronsent this thursday a circle to the students, workers and employers of the institution ensures continuity scheduled training until the end of the course. “So far, we are not considering another scenario.”, he reassures in his letter that he tries to comfort these groups in the face of the situation the center is going through.
In the statement that Sánchez Butrón claims to have sent, “a unbearable inner painbut his spirit is intact ”, the decision of the governing council at Ivace disapprove of the plan Presented to allies by Fundesem European University and transferring some of the facilities to acquire resources to deal with significant debts. On the contrary, the subsidiary of the Ministry of Economy, terminate the lease It demands a debt of 1.65 million euros, which threatens the continuity of the business school and center.
Of course, according to the document, a decision this Thursday morning It has not been officially announced yet.
The circular states that the agreement with the European University – which includes the use of some of the facilities to teach various degrees related to the health branch and the realization of joint master’s degrees – states, “4 million euros in 10 years The validity of this is in addition to a joint educational work.
Sánchez Butrón, reminding that the governing bodies of the institution always meet to inform them about the current situation and to accept them, puts the sentences “It couldn’t be”. best decisions For my Fundesem”.
In any case, the document emphasizes that the school will continue to develop its educational work “as it has been so far”. “We finish the course (Just over 15 days left) and our students will receive the planned training. So far we are not considering another possible scenario,” says Fundesem president.
alternatives
Beyond the circular, it continues to work on business school principals. analysis of different alternatives It is currently being evaluated for the future of the business school, in order to make a quick decision. One of the employers and guardian members monetary contribution to pay off the debt or at least the overdue part – about 500,000 Euros new investor, negotiation a New payment plan with Generalitat or ultimately, settlement. Yes, on a regular basis.
He was born in the mid-1960s, 1994 When Fundesem moved to its current headquarters Athletes Brothers Torres Street Alicante, thanks to a three-way deal. this Metropolitan Municipality handed over the land and then impiva (Ivace today) building constructionrented the training center.
With housing bubble burst, Fundesem began to have liquidity problems and in 2011 It stopped paying the rent, which prompted Generalitat’s first eviction attempt and resulted in the departure of its previous management team, the appointment of Cayetano Sánchez Butrón as chairman, resulting in a debt refinancing deal in 2019.
But since then, the business school has not been able to recover – in part due to the pandemic – and debt has continued to pile up. In July of last year, Fundesem reached an agreement with the European University and prepared a new strategic plan, but it needed the approval of the relevant administrations. The City Council agreed and changed the terms of the transfer of the land to allow the establishment of the private university, but Ivace thinks that option is not available.