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REAL OVIEDO

Carlos Slim to buy 2 million euros in shares in Real Oviedo

Slim, who made his fortune in the mobile phone industry, joins his son-in-law in becoming a shareholder in the cash-strapped Asturian club. Oviedo still need to raise a further 2.5 million euros by June.

As.com

Carlos Slim to buy 2 million euros in shares in Real Oviedo

Mexican business magnate Carlos Slim is now the majority shareholder of Real Oviedo.

According to radio station 'Cadena SER', Slim is set to purchase around two million euros of shares in the club, more than double the capital - 1,905,000 euros - the club need to raise before midnight tonight to avoid dissolution.

The club's president Toni Fidalgo announced last Thursday that the team would avoid dissolution but would still need to continue the fight to avoid becoming insolvent.

Now with Slim's backing, the club need to sell a further 2.5 million euros in shares before June 2013.

Estadísticas AS.com