By Humphrey Carter

BRITISH millionaire Paul Davidson, his business partner Adrian Pegler and their legal representative from Madrid yesterday held what Davidson claims was the penultimate meeting with Real Mallorca before he takes over a controlling stake in the club.

Davidson, Pegler and their lawyer arrived by taxi shortly before 10.50am, despite denials by the club that a meeting was taking place.
The meeting lasted for 50 minutes.
Chairman Vicente Grande, whose 93 percent stake in the club Davidson is on the verge of purchasing, finally arrived half an hour later.
However, emerging together from the meeting the two men were all smiles and Davidson said that the meeting was called “to finalise a few points and confirm that everything Grande has told us about the club has been true and correct. “We have found no surprises (in the due diligence) and our lawyers will now set about finalising all the paper work,” he said.
The completed paperwork will be given a once over at the final meeting between the two parties at the ONO Stadium next Friday morning. Davidson told the Bulletin yesterday afternoon that all of his lawyers and advisors will be present at the Friday meeting, including future members of Davidson's team in Majorca.

The British millionaire said that he expects the deal to be completed within two weeks from yesterday. “Once my lawyers have completed all the paperwork and Vicente Grande has agreed to all the conditions, then we will present the final purchase proposal to the judge and creditors for their final approval. “My lawyers will be contacting the judge at the start of next week to get the ball in motion,” he said. “We are going to blow the final whistle on this very soon,” Davidson said yesterday. “As I've said before, ‘it's a done deal'. I made my decisiosn weeks ago, but we've just got to wait for the green light from the courts,” he added.
53 -year-old Paul Davidson is poised to also bring the former Chief Executive of Everton Football club Keith Wyness into the limelight over the coming week after Wyness joined the board of Davidson's Fluid Leader Group Plc company two weeks ago.

Davidson will be watching Real Mallorca kick off the new season tonight at Valencia on television but will be in the stands with the fans for the side's first home match against Ossasuna on September 14 after a break in the league for the World Cup qualifiers.

Davidson is expected to join the British Real Mallorca fans before his first game as the new owner of the football club and the only British owner of a top flight club in Spain.

Davidson is understood to be buying the 93 percent controlling stake in the club for over 30 million euros, much of which will go to Grande's creditors.

The construction tycoon last month filed for insolvency with debts of around 800 million euros and is apparently now facing possible bankruptcy.


To be able to write a comment, you have to be registered and be logged in.

* Mandatory fields

Currently there are no comments.