TNBiz (TNBiz)
Czech markets  |  June 07, 2011 14:50:34

Chief Sazka Ales Husak was recalled


Mediafax

PRAGUE (MEDIAFAX) -

Ales Husak, CEO and Chairman of the lottery company Sazka, was recalled from office. Mediafax agency's spokesman on Tuesday confirmed Sazka and its insolvency administrator Lenka Ticha.

Longtime head of the lottery company removed from office by bankruptcy trustee Joseph scurry. Husak was the last member of the Board of Directors, who remained in office. Its role, however, was rather formal, because the bankruptcy of the bet took control of the powers currently insolvency administrator. Husak led the Sazka 16 years.

According to the contract should Hušák get severance pay around 24 million. Its basic monthly salary exceeded one million crowns and with other pleasures could come to 15 million crowns per year.

Just three months after the appeal may inhabit Hušák Sazka company apartment and according to some media information he should continue to serve its own apparatus Secretaries cook.

Sazka has a total of over 400 employees, from Monday, the 30th May is in bankruptcy. Board of Directors of the company lost its license to dispose of the property, this right verdict of the Municipal Court in Prague passed to the bankruptcy trustee Joseph scurry lottery. The fact that the bet will go into bankruptcy, decided more than ten hours of meeting of creditors.Bankruptcy lottery companies promote KKCG and PPF, you have most of the voting at the meeting after the court dismissed the claims which were not examined. The voting rights of creditors had claims totaling 8.4 billion crowns. Sazka faces insolvency proceedings from 17 January 2011, the bankruptcy court because of her multi-billion debts sent 29th of March. The court proceedings bet registered their claims over 2000 lenders.

Bets are shareholders: 67.98 percent CSTV, 13.54 percent Sokol, 5.56 percent of the Czech Association Sport for all four percent Autoklub CR, 3.56 percent of the CR Association of Sports Federations, two percent of WWTP, 1.45 percent of Czech Shooting Union, 1.02 percent of the Association of Sports Clubs Sports Unions CR and 0.88 percent of Eagle.

David Vandrovec, vandrovec@mediafax.cz

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