Nadal sells shares in Real Mallorca
December 21, 2011, Wednesday
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Print Edition
Print Edition
WORLD No. 2 Rafael Nadal and his uncle Miguel Angel Nadal sold their 10 percent shareholding in Spanish club Real Mallorca on Monday.
German businessman Utz Claassen bought the shares to increase his stakeholding to 20 percent. Nadal, a Real Madrid fan who lives on the Mediterranean island, had joined a consortium that invested in financially troubled Mallorca in 2010. His uncle Miguel Angel, a former Spain and Barcelona defender, became then coach Michael Laudrup's assistant, but when the Dane resigned in September Nadal openly criticized the board's handling of the matter.
German businessman Utz Claassen bought the shares to increase his stakeholding to 20 percent. Nadal, a Real Madrid fan who lives on the Mediterranean island, had joined a consortium that invested in financially troubled Mallorca in 2010. His uncle Miguel Angel, a former Spain and Barcelona defender, became then coach Michael Laudrup's assistant, but when the Dane resigned in September Nadal openly criticized the board's handling of the matter.
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