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By ESPN Staff

Real Mallorca sold to Spanish investors

Real Mallorca President Mateu Alemany has sold his 93 percent shareholding to an investment group headed by the Marti Mingarro brothers, the Primera Liga club confirmed.

The Marti Mingarro brothers, who run financial services company Grupo Safin, have paid around €4m, Spanish media reported.

"They are a serious group of people with enthusiasm and the means to run this institution and to commit themselves to building a stable project for the future," Alemany said in a news conference.

The deal ends over a year of uncertainty at Mallorca after failed bids to buy the financially-troubled club from British businessman Paul Davidson and Spanish businessman Carlos Gonzalez.

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