MADRID, 14 Mar. (EUROPA PRESS) –
The Mexican group Orlegi Sports confirmed this Monday that it has decided to “complete” its intention to buy Real Zaragoza, a LaLiga SmartBank team, after negotiations that have ended up being “unsuccessful”.
“We have spared no effort to bring our successive proposals to fruition within the framework of an intense and cordial negotiation. The work, contacts and negotiations have been multiplying in the last two months, but unfortunately they have been unsuccessful. At this point, we are forced to communicate that, unfortunately, it has not been possible to reach an agreement with the shareholders and that, therefore, this process must be terminated,” Orlegi Sports said in a statement.
The group chaired by Alejandro Irarragorri recalled that they have “publicly shown their intention to acquire 91 percent of the capital” of the Zaragoza team “to build a solid, solvent and innovative football club.” “An economically sustainable value proposition to make a sporting career of continued success viable,” he warned.
Orlegi Sports stressed that it is collaborating with specialized firms such as Uría&Menéndez, KPMG, Atrevia and an investment bank “to put into practice a project of great commitment and long term for Real Zaragoza”. “We have negotiated at all times in accordance with our values and principles, and in the usual international terms in an operation of this type,” he assured.
“We take on the situation with that sporting spirit that has identified our company since its inception 16 years ago. We wish Real Zaragoza an exciting future so that its historical legacy shines again as it deserves. We thank the fans of Real Zaragoza and the citizens people from Zaragoza and Aragonese for the welcome and affection they have given us,” he said.