By Staff writer
Owner Sheikh Abdullah Bin Nassar Al-Thani looking to offload stake in Spanish football club
The Qatari owners of Spanish La Liga football club Malaga are reportedly looking to offload their stake.
Sports dailies Marca, As and other media all said that owner Sheikh Abdullah Bin Nassar Al-Thani - a member of the Qatar royal family - wants to sell up after only two years and is in talks with several interested parties.
Malaga coach Manuel Pellegrini oversaw training on Thursday amid reports the La Liga club is unable to pay his or the players' wages.
The Andalusian side's preparations for the 2012-13 season, which begins in less than three weeks, were also disrupted by separate reports that said their Spain midfielder Santi Cazorla was poised to sign for English Premier League club Arsenal.
"It's impossible to ignore what's going on," defender Weligton told a post-training news conference.
"It's a difficult situation to deal with after everything that has happened, the big signings, the big player presentations," said the Brazilian.
"We were all expecting more signings, more surprises, believing that the team would continue to be in fashion. But now we don't know why all this has come to an end."
Al-Thani bought the Andalusian club for 36 million euros ($44.27m) in June 2010 and heavy investment in players helped them finish fourth last season and secure a place in the Champions League playoff round.
However, financial problems at the club have cast doubt over his commitment and he and his representatives have been conspicuous by their silence in recent weeks.
The club published a brief statement on its website later on Thursday, saying it had "started a process of internal restructuring".
This would help adapt to UEFA's Financial Fair Play rules, which are designed to prevent clubs spending more than they earn.
The restructuring was aimed at "guaranteeing the self-sufficiency and sustainability" of Malaga, the statement said.
"This process, which does not mean some kind of investment by the current owners is rejected, will include some changes in the current organisation which will strengthen the club for the future," it concluded.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
A club is not a toy. He is ruining the feelings and history of a club, a city and its people, because he can not handle properly or dont know what is management. Pathetic image for Qatar and Emirates...
When a club is put for sale, it's socio's know what they are in for. People invest in clubs to make a money not to run it as a community charity. Not all are sugar daddies ala man city or psg, which one day would tighten their finances. Fans that wish to preserve their History should buy their club themselves ala the socio's of Barcelona, or at least block selling to especially foreign owners. As for reflecting badly on Qatar he is no different than how the Glazers reflect on America. Both are business people and only represent themselves.