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Wednesday, September 28, 2022
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Cuatrecasas advises Real Zaragoza CF on its acquisition by American investors

According to Heraldo de Aragón, and confirmed by HOY ARAGÓN,, the businessman and investor Jorge Mas, together with his brother José and other American investors, will acquire just over 90% of the club, is being counselled by Cuatrecasas

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At the time of the purchase, they will make a financial injection of €20 million through a capital increase, assume Real Zaragoza’s liabilities – set at €68 million -, restructure the debt and negotiate the maturity of outstanding payments. The new owners want to provide Real Zaragoza with greater financial capacity and put aside the treasury tensions that the club currently has. To give an example, Real Zaragoza’s cash deficits alone are estimated at €10 million.

Following this same info, the purchase of Real Zaragoza by the Mas brothers has the consensus and unity of the owners of Real Zaragoza and all are aware that the era of the 2032 Foundation is over. Sources on the Board of Directors stated to the mentioned media that none of the current owners will continue to be linked to the club in a corporate way.

The information adds that at the same time as the sale of Real Zaragoza is being negotiated, an agreement is pending with the British investment fund CVC and La Liga for the television rights, the analysis of an obligatory payment schedule, and, that, according to the sources consulted, Real Zaragoza must liquidate and order companies linked to the club to facilitate the sale operation to the future owners. In addition to that, these media remark that La Liga and the CSD (Consejo Superior de Deportes) must be informed of the change in the company. This will be done at the moment the purchase agreement is signed. They highlight that “the complexity is such that a suspensive clause has also been added to the contract in the negotiation due to the sporting situation of the team. JIM’s team must save the category in order to remain in professional football and avoid relegation to the 1stRFEF.”

Cuatrecasas advised the former chairman of Telefónica, César Alierta, who until now was the main shareholder of Real Zaragoza, S.A.D., on the sale of the company with a team formed by  Antonio García Lapuente, Mara Tomás, Rocío Ágreda and Pablo Villanova

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