Rafa Nadal sells shares in Real Mallorca
Updated: 2011-12-20 10:00
Spanish tennis player Rafael Nadal smiles during an awarding ceremony in Madrid Dec 16, 2011. [Photo/Agencies]
MADRID - Tennis world number two Rafa Nadal and his uncle Miguel Angel Nadal sold their 10 percent shareholding in Spanish football team Real Mallorca on Monday, the club said in a statement.
German businessman Utz Claassen bought the shares to increase his stakeholding to 20 percent.
Nadal, a Real Madrid fan who lives on the Mediterranean island, had joined a consortium that invested in financially troubled Mallorca in 2010.
His uncle Miguel Angel, a former Spain and Barcelona defender, became then coach Michael Laudrup's number two, but when the Dane resigned in September Nadal openly criticized the board's handling of the matter.
Mallorca, now coached by Joaquin Caparros, are in financial administration, lie 14th in La Liga and trail 1-0 going into Tuesday's King's Cup last-32 second leg at Sporting Gijon.