24 hours before the co-owners meet in Assembly Mallorca has today officially announced the sale to Court of the 170 shares of Lluís Sitjar that it controls through an official statement stating that they have already been deposited before the notary designated by the City Council. The club assures that it will allocate the money to the reform of Son Moix. Mallorca will charge them at the unit price of 14,000 euros, since 21% VAT must be deducted from the general valuation.
This is the official statement released today by the club:
The RCD Mallorca has deposited before a notary designated by the Palma City Council all its property titles of the old Lluís Sitjar inside of the open process by Cort to acquire this land and thus expand the Falca Verde and municipal facilities.
In total, the Club has deposited its 170 shares as part of the purchase process opened by the Palma City Council for the existing 666, with a valuation of 16,935 euros per share and a total investment of 11,279,283 euros by Cort to acquire 100% of the shares. The aim of the City Council to carry out the operation is to obtain the purchase of 60% of the titles (400).
The Club’s decision is clear, as assured Alfonso Diaz, Business CEO of RCD Mallorca: “We are facing a historic moment since for the first time there is a real offer on the table. The Club and the rest of the owners have not found a solution for decades and We believe that the time has come to settle it and for the city to grow green with a true political consensus”.
Díaz points out where the money from the sale of his shares will go: “The amount we receive will be fully reinvested in the Visit Mallorca Estadi reform, which is in the process of improvement and about to finalize its first phase”.