Tuesday, January 24, 2012

MALLORCA TODAY - Real Mallorca won't be sold to Swiss group

No sooner had it looked as if Real Mallorca might be in the hands of new owners, than the club's directors have broken off discussions with the German-Swiss group which appeared to be willing to part with nine million euros to acquire it. However, as the head of the consortium failed to show up and as the right guarantees were not forthcoming, the club, and certainly not for the first time, has been made to look a bit silly. Compounding the usual confusion that surrounds Mallorca, there is a question regarding the moves of one of its shareholders, the German Utz Classen, who had vetoed his sale of shares; to effect a sale, it would seem that all shareholders have to agree.

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