smoggeordie 0 Posted July 22, 2008 Share Posted July 22, 2008 English businessman Paul Davidson is set to buy the controlling share in Spanish football club Real Mallorca. Drac, the company which owns the club, announced on Mallorca's website that a pre-agreement had been reached. It was also stated that Davidson will not take over as president of the club, with Drac owner Vicente Grande remaining in the role. Davidson, who owns a pipe-fitting firm, said he is buying Real Mallorca to promote his businesses in Spain. He told the Telegraph: "I don't know much about football but I will use the club to promote my other business interests. "We will operate our other businesses from the club, but I will not be taking decisions about football. I will leave that to the current management." Davidson, who is known as "The Plumber", will have to formalise the agreement in the coming weeks and the agreement will also be subject to a period of due diligence. The pipe-fitting company owned by Davidson, Fluid Leader, was recently floated on the Plus Market, earning the Englishman a reported £40m. It is believed Davidson will pay £50m to gain a 96% share in Mallorca, and saw off competition from ex-Newcastle chairman Freddy Shepherd as well as an unnamed Russian investor. Rumour has it FFS bid £17mill Link to comment Share on other sites More sharing options...
Lazarus 0 Posted July 22, 2008 Share Posted July 22, 2008 i bet hes crying into his pasties. Link to comment Share on other sites More sharing options...
ewerk 31596 Posted July 22, 2008 Share Posted July 22, 2008 (edited) Shepherd going in with a ridiculously low opening bid and been told to fuck off? Well I never! Edited July 22, 2008 by ewerk Link to comment Share on other sites More sharing options...
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