Real Zaragoza transfers controlling interest to strong investment group

Cuatrecasas advises César Alierta on sale of stake in Real Zaragoza to strong investment group

Cuatrecasas advised the former president of Telefónica, César Alierta—until now the main shareholder of Real Zaragoza, S.A.D.—on selling a 51% stake in the football club to a powerful investment group specialized in sports management.

With this agreement, Real Zaragoza has achieved the involvement of a group of solvent investors made up of experts in the field, who seek to boost the club financially so that it can once again compete at the highest tier of Spanish football. However, the transaction was subject to two preconditions: mathematical permanence in the second division and authorization from the Spanish Sports Council for the share acquisition.

The team advising on the transaction was made up of Cuatrecasas lawyers Antonio García LapuenteMara Tomás, Rocío Ágreda and Pablo Villanova.