The Schapira family, which joined Azul Azul in 2013, sold their 21.44% stake for US$7.5 million to José Ramón Correa, a representative on the Universidad de Chile's board. In a statement, they described closing a significant chapter filled with challenges and frustrations, yet always with respect for the club. They wished the team success and confirmed no opposition bloc will form.
The Schapira family, consisting of Daniel and his son Eduardo, ended their involvement with Azul Azul, the concessionaire managing Universidad de Chile's football operations. Having joined in 2013, they held 21.44% of the shares, which they sold for a total of $6,716,606,000, equivalent to US$7.5 million. The buyer was José Ramón Correa, a lawyer appointed as director by president Michael Clark, through the company Romántico Viajero SpA.
The transaction was confirmed this Monday via an essential fact notice issued by Azul Azul. According to the document, sent by general manager Ignacio Asenjo to the president of the Financial Market Commission, Solange Berstein, Correa acquired 9,580,891 series B shares in a public auction at the Santiago Stock Exchange and 19,197 series B shares through stock purchases, totaling 9,600,088 shares.
In their farewell statement, the Schapiras reflected on their experience: “Today we close an important and deeply significant chapter for our family. Our experience as shareholders was, in many ways, demanding and complex. There were moments of hope, but also frustration and weariness, which made the path more difficult than we imagined when we decided to get involved in this project. Even so, we never lost respect for the institution or its people, and we always acted with the conviction that our decisions sought the good of the Club”.
They thanked those who worked with honesty and commitment for Universidad de Chile, even in tough times. Finally, they stated: “We wish the Club the best. May it rediscover stability, greatness, and the project its history deserves. From wherever we are, we will continue cheering as always, with the intact hope of seeing our beloved Universidad de Chile shine again”.
This exit will not create an opposition bloc on the board, as reported. The family had previously expressed disagreement with Clark's leadership, prompting the sale.
