Abu Dhabi Investors Pursuing Purchase Of Majority Share Of Spanish Club Girona
About "10 days ago, Mona Mahamud, a representative of an Abu Dhabi group of investors, visited Spanish second division side Girona with the intention of buying majority shares in the club," according to SPORT. Mahamud visited "the Girona offices making an offer" of approximately €10M ($13.5M). This "injection of capital would help the club eliminate its debt," which has reached €5M ($6.8M), and would also help the team "make a push for promotion to La Liga, which is the main objective of the possible investors." A deal, however, "is not complete." Current Girona majority shareholder Josep Delgado "has asked that the contract include a buy-back clause for the same price, with the Arabs not in agreement with that" (SPORT, 11/5).