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SBD Global/December 23, 2013/Franchises

Former Sevilla President Sells 7.5% Of His Shares Following Recent Jail Sentence

Former La Liga Sevilla President José María Del Nido, who was "recently sentenced to seven-and-a-half years" for his role in the "Minutas" embezzlement case, "has sold more than 7% of his shares of the club," according to Fede Quintero of MARCA. Del Nido sold 7.25% of his shares to businessman Jesús León López. The sale "consists of a package of nearly 9,000 shares" at a value of €800,000 ($1.1B). León is an administrator of Spanish engineering company Sistem Group and "three other companies." It is "without a doubt interesting because León's only business with a sports connection is Inversport 2010, which is based in Málaga." León, who "did not want to make a statement," has been a member of the club since this year and his "relationship with Del Nido began months ago." León "was present at a shareholders meeting last week, but he went unnoticed as an anonymous and unknown person in the world of football" (MARCA, 12/22).
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