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Javier Tebas spoke out about the club last week.
La Liga chief Javier Tebas tight-lipped over Malaga's prospects

La Liga chief Javier Tebas tight-lipped over Malaga's prospects

"Malaga are working hard to deal with their financial issues. Let's see if they manage it," he said as the stalemate around the club continues

ANTONIO GÓNGORA

Friday, 15 November 2019, 14:43

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La Liga president Javier Tebas was coy when asked for his opinion on recent developments at Malaga, insisting that he would await more concrete developments.

"They've got a new CEO. We'll have to get together and see how they're getting on with the previously agreed plan," Tebas stated last week, referring to a previous viability plan agreed with Malaga's former acting CEO, Joaquín Jofre, who has since been replaced by US businessman Richard Shaheen.

"Malaga are working hard, and will continue to work hard to deal with their financial issues in the next few months. Things are starting to move - let's see if they manage it," Tebas continued.

Malaga are five million euros over their wage cap, and could face serious sanctions if financial irregularities are not resolved by January. Ultimately, there is the possibility that the club will be kicked out of the league, or even be dissolved.

These are some of the arguments being made in two criminal cases which began last week with the aim of wresting the club from the control of its owner, Sheikh Al-Thani. The claimants, Marbella lawyer Dumet Grayeb and Malaga's minority shareholders group, allege irregularities relating to a 4.3-million-euro loan that the Sheihk took out against the club and is yet to return, as well as the size of the salary (1.44 million euros a year) that the sheikh and several family members are paid by the club.

This all comes against a backdrop of institutional stasis at the club itself. BlueBay, the hotel group which claims 49 per cent of the shares in the club that Al-Thani owned in 2013, is negotiating selling its prospective stake in the club with a Qatari investment group, but progress seems slow.

BlueBay appears happy with the 'third way' proposed by Malaga mayor Francisco de la Torre, which would involve both the hotel group and the sheikh parting ways with the club, but the question of how the new investors will convince Al-Thani to let go of his shares remains unanswered. Several groups have allegedy approached Al-Thani's right hand man Richard Shaheen to enquire about buying the owner out, but to no avail.

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