Robert Sarver, owner of the Phoenix Suns NBA basketball franchise, yesterday (Monday) acquired a majority shareholding in Real Mallorca, the deal with club president, Utz Claassen, having been signed at midday in Madrid. Sarver and Claassen attended a club shareholders' meeting yesterday evening in Palma. Sarver has injected some 21 million euros into the club, in return for which he and his associates have received 80% of the shares. These associates are Andy Kohlberg, the vice-president of Phoenix Suns, Steve Nash and one other; Sarver and Kohlberg between them hold 72%. Utz Claassen remains club president and retains 20% of the shares.
Real Mallorca
Sarver acquires Real Mallorca
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