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SBD Global/July 11, 2013/Finance

Global Conglomerate To Maintain Financial Investment In Spanish Club Real Oviedo

Mexican tycoon Carlos Slim-owned global conglomerate Grupo Carso, the majority shareholder of Spanish third division side Real Oviedo, will not abandon the club, according to LA AFICION. Grupo Carso will maintain its financial investment in the hopes that Real Oviedo can earn promotion to the Spanish second division next season. Grupo Carso will not, however, "participate in directing the team or in forming part of the club's new administration council." Grupo Carso spokesperson Arturo Elías Ayub said that the company decided to invest €2M ($2.6M) in the club almost eight months ago because "it wanted to support the club and its marvelous fan base." Elías: "We never had interest in participating in the club's operations and decisions. We can't manage a team from a distance of 9,000km" (LA AFICION, 7/9).
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