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SBD Global/July 11, 2014/Franchises

Mallorca Majority Shareholder Lorenzo Serra Ferrer Decides To Leave Club, Sell Shares

Spanish second division side Mallorca majority shareholder Lorenzo Serra Ferrer announced that he is selling his stock in the club and leaving it after four years "during which he worked in various roles," according to the EFE. Serra Ferrer "announced his decision after taking an exhaustive look at the club, in which he admitted 'serious' errors, for which he apologized to the club's fans." He said, "An entity cannot function well when there are leaks from the administrative council. ... I take my responsibility, I leave, but I am the only one, despite many fans screaming for [Mallorca President Biel] Cerdá to leave." Serra Ferrer previously coached Mallorca and La Liga sides Real Betis and Barcelona, as well as Greek side AEK Athens. He "also confirmed that he is selling his shares and that he will look for new opportunities, probably at Real Betis, 'with the objective of recovering self-esteem'" (EFE, 7/10).
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