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SBD Global/June 27, 2013/Finance

Local Businessman's Purchase To Allow Mirandés To Remain In Second Division

Spanish second division side Mirandés, which decided to extend its term for purchasing shares, is "on the verge of receiving the money necessary to become an anonymous society, which law requires for clubs to remain in the second division," according to Javier Lafuente of EL PAIS. Local businessman Vicente España has agreed to purchase at least 51% of the club's social capital (EL PAIS, 6/26). The EFE reported once the agreement with España is finalized, Mirandés will have covered more than 90% of the amount it owes the Spanish government (EFE, 6/25).
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