Yesterday, Paul Davidson, the British engineering magnate came back to Majorca with the news of him purchasing Real Mallorca. Real Mallorca is among the top listed sports items on sports shows on Spanish TV news and on the radio.
Vicente Grande, the chairman, signed a contract on Thursday night to sell 91.2% of his 93% share in the club for thirty eight million Euros to Paul Davidson.
Paul Davidson’s purchase agreement was already submitted to the judge overseeing the Vicente Grande’s bankruptcy case but yesterday, he was given the completedsale or the purchase agreement after being given all clear by three administrators on behalf of Grande’s creditors who are to be paid around 700 million Euros.
Tags: Majorca Business News, paul davidson, real mallorca, spanish tv
