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Spanish Malaga gets owner and president
Spain - 04 August, 2006
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Former Spanish Real Madrid president Lorenzo Sanz is the new president of Segunda Liga Malaga.
The club will be administered by Sanz's son Fernando, who has also been the captain of Malaga. The transfer of 96 percent shares registered in the name of Promotora Malagueña was completed in Madrid where former president Serafin Roldan met with Sanz.
Sanz is paying approximately EUR 6 million for the share package as well as assimilating club debts valued around EUR 30 million.
The club will be administered by Sanz's son Fernando, who has also been the captain of Malaga. The transfer of 96 percent shares registered in the name of Promotora Malagueña was completed in Madrid where former president Serafin Roldan met with Sanz.
Sanz is paying approximately EUR 6 million for the share package as well as assimilating club debts valued around EUR 30 million.
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