SAZKA CEO dismissed from the company

Based on the analysis of legal administrators it was found that most of these benefits have been granted contrary to good manners, the more in this situation when SAZKA is currently in insolvency due to incompetent management decisions. Because Aleš Hušák refused to accept the notice in person it has been sent by post.

The Executive Chief of the SAZKA, Insolvency Administrator’s team Marek Biely, has currently limited the access privileges to the SAZKA headquarters to Aleš Hušák. Now he only has limited access to a strictly defined area of the company headquarters.

The Insolvency Administrator also learned that Aleš Hušák was paid an advance on his salary of the CEO for May prior to its bankruptcy and the takeover by the Insolvency Administrator. This contradicts the repeated public statements in the media in which Aleš Hušák declared that since the insolvency declaration he starts to “work for free”.

The Insolvency Administrator called Aleš Hušák through the crisis team boss, that if he wants to give up his salary he shall do so by means of a document conforming with all legal requirements, or to refrain from false and misleading media statement.

Aleš Hušák remains the Chairman of the Board of Directors of SAZKA, while he is the only member of this statutory body which has ceased to present a quorum since last week. On Monday afternoon last member of the Board of Directors – Karel Malý, Chairman of the Prague sports union – sent his resignation.

Given that most of the powers of the Board of Directors and CEO, however, since 30 May have been taken over by the Insolvency Administrator, the absence of the Board of Directors has no negative effect on management and decision-making within the company and does not materially affect its operation.